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Duke of Edinburgh, Barming

1 Heath Road, Barming, Maidstone, Kent, ME16 9LQ

Set just on the outskirts of Maidstone town in Barming, the Duke of Edinburgh is a recently refurbished pub with outdoor patio space and customer car parking.

Key features

  • Modern interior in immaculate condition through
  • Feature bar servery with large open plan trade areas 
  • Approximately 40 covers in total
  • Terraced patio garden and covered smoking solution
  • On site customer car parking 
  • Well looked after private accommodation with three double bedrooms 
  • Potential to be available quickly

Floorplan

THE DUKE OF EDINBURGH

Set just on the outskirts of Maidstone town in Barming, the Duke of Edinburgh has proudly served its local community since the mid-1800s. 

Following a complete refurbishment scheme around two years ago, the Duke of Edinburgh has a smart, modern interior and you will find it in immaculate order  throughout.

Internally there is plenty of space, with a large feature bar servery and multiple trade areas to include a relaxed bar area, and restaurant dining space for around 40 covers in total. A small conservatory style room leads out on to the back of the  building where you will find a terraced patio garden. There is a custom built and covered smoking solution together with customer car parking on site.

Currently the Duke of Edinburgh is being traded as a more food led business with a 100% gluten-free menu, so Shepherd Neame is looking for tenants with the ability to introduce a more traditional style food offer and perhaps pub sports and live music in order to reposition the pub in the local market.

There is the potential for this pub to be available quickly, so for more information or to arrange a formal viewing, please contact the Trade Recruitment Co-ordinator on 01795 542132.

BAR & RESTAURANT                  

Feature bar servery with multiple open plan trade  areas for approx. 40 covers. This includes a more    relaxed bar area, restaurant dining space and a  conservatory area leading on to the outdoor  patio.

KITCHEN

Trade kitchen.

OUTDOOR & PARKING

Terraced style patio garden to the back of the property with private customer car parking.

PRIVATE ACCOMMODATION

3 double bedrooms, lounge, kitchen and bathroom.

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£2500
Working capital£3000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£13000

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£13000
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£TBA£TBA£TBA
Per week£TBA£TBA£TBA

Council tax

Band B

Non Domestic Business Rates

Rateable Value - £13,250

Multiplier - 0.480

Estimated Rates Payable - 2018/2019 - £2,712

  • As at the time of publishing, the estimated rates payable, are based upon the assumption that the tenant occupies the maximum of one pub and therefore qualifies for small business rates relief.
  • We have also applied the relevant multipliers and estimated transitional relief where applicable.
  • The above calculations are estimations only and as rateable values are subject to change, we would recommend that the prospective new tenant checks the rates payable and any other relief prior to completing a financial plan.
  • Please note that we have not yet applied the Governments Pub relief of £1,000 on rates payable as many councils have yet to confirm.

Trading information

Trade

Year ending 30 June

2015 2016 2017 2018 (July-Dec 2017)
All beer and cider
Barrels
134 157 151 49
Wine
Gallons
120 234 262 111
PPS
Gallons

Premium packaged spirits (eg WKD)
23 17 20 7
Traditional Spirits
Gallons
21 47 38 9
Minerals
Ready to drink litres
1503 3485 4023 1559

Estimated food turnover

£800 per week approximately 

Shepherd Neame has no access to the tenant's food turnover figures. Please note this figure is estimated as accurately as possible at time of publishing.

Estimated awp profit (Amusement with prizes)

£3,500 per annum approximately 

Licence information

Hours authorised by the premises licence

Supply of alcohol, background music and provision of late night refreshment.

Sunday - Wednesday - 10.00 - 00.00
Thursday - Saturday - 10.00 - 01.00

Open to the public

Sunday - Wednesday - 10.00 - 00.00
Thursday - Saturday - 10.00 - 01.30

Live music

Monday - Sunday - 10.00 - 00.00

Agreement Overview

  • This pub is being offered on a traditional rolling tenancy agreement that is subject to a three year rent review
  • This agreement is covered by the ‘Landlord & Tenant Act’
  • This is a fully tied agreement across all beer, cider, wine, PPS, spirits and minerals
  • Any deviation from the standard terms outlined above should be discussed at interview stage with your designated Business Development Manager
  • Please note that we require all licensees to pass the Pre-Entry Awareness Training Course (PEAT) a minimum of five days before you can attend a formal shortlist interview with us. Please ask us for more information about PEAT if required
  • You can see our code of practice at the top of this page