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.

 

Code of practice PDF Apply

Key features

  • 16th Century Destination dining village pub & restaurant
  • Development scheme agreed 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 approx. 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.

Inside the next 12 months, the barn adjacent to the pub will be developed in to four high end letting bedrooms adding a significant opportunity to increase the pubs overall turn-over. With this in mind, Shepherd Neame is looking for potential new tenants that can invest in the pubs interior. Further details on all of the proposed development information and the in-goings can be discussed at interview with the Business Development Manager.

To arrange a formal viewing of the Red Lion, please contact the Trade Recruitment co-ordinator now 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
Repair scheme
+ 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 - £11,250

MULTIPLIER 2019/2020 - 0.491

ESTIMATED RATES PAYABLE - £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
  • Retail relief has been applied to all pubs with a rateable value of £51,000 or less. This entitles the occupier to a third reduction in rates payable after all other reliefs and will run for the 2019/20 and 2020/21 rating years. This is an assumption that should be confirmed with the local authority
  • The above calculations are estimations only and as rateable values are  subject to change, we would request that the prospective new  tenant checks the rates payable and any other relief with the local authorities prior to completing a financial plan

Trading information

Trade

Year ending 30 June

2015 2016 2017 2018
All beer and cider
Barrels		 57 60 52 58
Wine
Gallons		 161 110 145 122
PPS
Gallons
Premium packaged spirits (eg WKD)		 2 15 0 3
Traditional Spirits
Gallons		 10 5 18 13
Minerals
Ready to drink litres		 2194 1283 1816 1198

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 five 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

Code of practice PDF Apply