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Red Lion, Charing Heath

Charing Heath Road, Charing Heath, Ashford, Kent, TN27 0AU

The Red Lion is a 16th-century destination dining country pub & restaurant set between Maidstone and Ashford in Charing Heath, Kent.

 

Key features

  • 16th Century Destination dining village pub & restaurant 
  • Development scheme potential to include 4 letting bedrooms.
  • Located between Maidstone & Ashford in the Charing Heath 
  • Feature bar with open plan drinking & dining area 
  • Separate restaurant dining room for approx. 40 covers 
  • Large well equipped trade kitchen
  • Trade garden to the rear of the property 
  • Customer car parking 

Floorplan

THE RED LION

The Red Lion is a 16th-century country pub & restaurant set between Maidstone and Ashford in the picturesque village of Charing Heath, Kent.

Built in 1562, this pretty destination dining pub exudes authentic charm and character both inside and out.

Internally you will find a feature bar servery with open plan drinking and dining space, a separate restaurant dining area for approximately 40 covers and a large trade kitchen that is perfectly equipped for purpose.

Outdoors there is a patio area to the front of the property, a good sized family friendly trade garden to the rear of the building and plentiful customer car parking available.

If you are looking for good sized private tenant accommodation, then the Red Lion boasts four bedrooms and plenty of space.

Please note that there is also the potential for a development scheme to be carried out on the Barn adjacent to the pub in order to convert it to four letting bedrooms. 

Due to its availability in early December 2017, we are looking for tenants that are able to move quickly at the Red Lion,  Charing Heath.

We need operators that will immerse themselves into village live in Charing Heath and that can further enhance both side of the trade at the pub.

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 u-shape trade drinking and dining area  for around 30 covers, separate restaurant dining room for approx. 40 covers.

KITCHEN

Large well equipped trade kitchen.

OUTDOOR & PARKING

Trade garden to the rear of the property, patio terrace top the front of the property and onsite customer car parking for approx. 30 cars.

PRIVATE ACCOMMODATION

3 double bedrooms, 1 single bedroom, lounge bathroom, office and utility room.

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Dilapidations
+ monthly payments £50
£1000
Inventory£12000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£2000
Working capital£2000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£23500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£23500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

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

Council tax

Band B

Non Domestic Business Rates

Rateable Value 2018 - £11,250

Multiplier – 0.466

Estimated Rates Payable 2018/19 - £0

  • 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
57 60 52 13
Wine
Gallons
161 110 145 38
PPS
Gallons

Premium packaged spirits (eg WKD)
2 15 0 3
Traditional Spirits
Gallons
10 5 18 7
Minerals
Ready to drink litres
2194 1283 1816 685

Estimated food turnover

£1,500 - £2,000 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.

Licence information

Hours authorised by the premises licence

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

Sunday - Thursday - 10.00 - 00.00
Friday - Saturday - 10.00 - 02.00

Open to the public

Sunday - Thursday - 10.00 - 00.30
Friday - Saturday - 10.00 - 02.30

Live music

Sunday - Thursday - 10.00 - 23.00
Friday - Saturday - 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