High Street, St Margarets Bay, CT15

|High Street, St Margarets Bay, CT15

High Street, St Margarets Bay, CT15

£795,000
  • Ref: THOMASANDPARTNERS_THOMA001961
  • Availability: For Sale
  • Tenure: Freehold
  • Make Enquiry
  • Floorplans
  • View EPC

Property Features

  • Available for the 1st time in 21 years
  • Imposing coastal country village Inn situated in the highly
  • Traditional and relaxing lounge bar and delightful and multi
  • Wealth of charm and charactor thoughout with exposed beams.
  • Fully equipped commercial catering kitchen
  • Impressive 3 bedroom house and additional 1 bedroom flat
  • Delightful beer garden

Property Summary

This outstanding business is situated in the affluent highly sought after coastal country village of St Margaret's at Cliffe in the beautiful county of Kent.

Full Details

This outstanding business is situated in the affluent highly sought after coastal country village of St Margaret's at Cliffe in the beautiful county of Kent. It can be easily reached from junction 13 of the M20 near Folkestone and has excellent road communications providing easy access to the M25, M2, M20, A2 AND M23 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. The coastal village of St Margaret's at Cliffe is within close proximity to Eurotunnel to Folkestone and the dover Calais ferry terminal , bringing a abundance of visitors and tourists from France and beyond; all year round! St Margaret's at Cliffe is also situated close to deal Ashford, Canterbury, Margate, Herne Bay and many other coastal resorts making this delightful traditional Inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of repeat trade and is also well serviced by local schools shops and amenities. An enviable place to reside and an exciting trade opportunity.

THE PROPERTY

Thought to date back to 1674 this imposing Inn occupies a busy trading position in the village, a main entrance at the front leads into a lobby which in turn provides access to all trading areas.
Lounge Bar is a traditional and inviting room with a relaxing feel with a feature semi-circle return bar behind which are the trade optics and bottle coolers (not tested), accompanied by a good selection of loose polished tables, chairs and upholstered bar stools. Adding to the character of the room is the feature brick built fireplace with an inset coal effect gas fire.

RESTAURANT (40 COVERS)

A good size and versatile, it is effectively a multi-function room, ideal for weddings, parties, and private functions. It exudes a lovely relaxing dining ambience and is well furnished with a good range of solid polished tables and chairs. Adding to the experience is the oak vaulted ceiling, the solid oak floor and oak panelled walls, from here you can also enter the beer garden.

Catering facilities include a good sized fully equipped commercial kitchen (situated on the first floor) with stainless steel appliances and preparation surfaces (appliances not tested) there is a dumb waiter, a prep room and a store room. Lower ground floor cellar with a dray drop, pumps, python, post mix and cooler.

LADIES, GENTS AND DISABLED W.C.'s

OWNERS ACCOMMODATION

Included in the sale is a 2 storey house presented in good order throughout, offering good sized rooms and briefly comprises: 3 bedrooms, lounge, kitchen/diner and bathroom. There is a good sized private garden. There is also a self-contained ground floor flat presented in good order and briefly comprises: 1 bedroom, lounge/kitchen and bathroom and small enclosed paved garden.

EXTERNAL

There is an enclosed paved Beer Garden at the rear with timer tables and chairs. There is also a covered designated smoking area and a brick built outside bar.

TRADING AND LICENCING

The business benefits of the premises licence (not seen) permitting the sale of alcohol during the hours of:

Sunday - Thursday 11.00am - 12.30am
Friday and Saturday 11.00am - 01.30am

The current opening hours are as follows: Monday to Sunday 12am - 2pm & 6.30pm - 9.30pm

It is important that Prospective purchasers wishing to continue use as a public house gain the APLH qualification.

GENERAL REMARKS

The property and business are being offered for sale freehold (Title deeds not seen) .

We are advised that the inn benefits from all mains services and uses gas central heating (services not tested). Business rates payable are advised as being £12,500 per annum.

THE BUSINESS

Our vendor clients, in situ since 1995 operate this delightful business as a "husband and wife" team on a "part time" basis with the assistance of 6 full-time and 3 part-time members of staff.

Trade is currently derived from circa 60% food and 40% wet sales, thereby providing tremendous scope for a new hands-on owner operator to take the business to even greater heights through new marketing initiatives to promote the premises more on the events market, for which there is a real demand in the area.

Current sales are advised to be circa £400,000 per annum (incl VAT). This is truly a rare opportunity for either an owner operator to continue to build the business or for a commercial investor to enhance their portfolio.

This delightful inn is a well-established and successful business with real room to grow through marketing and streamlining and really does offer a fantastic opportunity.

The asking price reflects the current trading foundation, the location and quality of the fixtures and fittings, and of course not forgetting that this is an extremely substantial freehold property.

Accounting information will be made available to interested parties after viewing.

Viewings strictly by appointment only with Thomas and Partners Folkestone Limited 01303 210777.