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Royal Oak, Dartford

57 Spital Street, Dartford, Kent, DA1 2DX

The Royal Oak is a large community locals pub situated in a prominent position at the top end of Dartford High Street, Kent.

 

Key features

  • Large spacious community wet led pub
  • Prominent location at the top of busy Dartford high street
  • BT & SKY sports and pool table available
  • First floor trade kitchen which is not currently utilised
  • Paved patio garden with heated smoking solution 
  • Large customer car park on site 
  • Private accommodation has four large double bedrooms

Floorplan

THE ROYAL OAK

The Royal Oak is a large community locals pub situated in a prominent position at the top end of Dartford High Street, Kent.

Currently a wet only operation with SKY and BT sports on offer, this busy pub is perfectly equipped for purpose and is a hit with the local drinking trade and sports followers.

Internally this spacious site houses a feature bar servery with a large open plan trade area and additional space to the rear of the building with a pool table, TV and further seating.

A paved patio garden area and heated smoking solutions is accessible from the back of the property and there is a large private customer car park on site. Although not currently utilised, there is also a large first floor trade kitchen at the Royal Oak with a dumb waiter to the ground floor.

The private accommodation is set out over two floors and comprises of four large double bedrooms, kitchen, lounge and a bathroom.

The Royal Oak would suit an experienced operator that has the skills and passion required to run a busy, wet led community pub in a high footfall area.

This site will be available in early April 2018 but in the meantime please note that the pub will only be trading at weekends, so please contact the Trade Recruitment Co-ordinator on 01795 542132 to arrange a formal viewing.

BAR & RESTAURANT   

Feature bar servery with large trade drinking/dining area, additional seating/dining space with TV screen leading out on to patio area and car park

KITCHEN

Large well equipped trade kitchen on first floor with dumb waiter to ground floor

OUTDOOR & PARKING

Patio garden area with heated smoking solution and seating space/benches. Large customer car park to rear of the site with private side entry

PRIVATE ACCOMMODATION

Large live in accommodation set out over two floors. Middle floor with small kitchen, large lounge, 2 large double bedrooms/reception rooms. Top floor with Bathroom and 2 further large bedrooms

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Dilapidations
+ monthly payments £50
£1000
Inventory£10000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£2000
Working capital£2500
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£22000

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£22000
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 A

Non Domestic Business Rates

Rateable Value 2018 - £33,250

Multiplier – 0.466

Estimated Rates Payable 2018/19 - £15,494.50

  • 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
215 182 195 44
Wine
Gallons
285 229 237 36
PPS
Gallons

Premium packaged spirits (eg WKD)
29 17 7 0
Traditional Spirits
Gallons
95 98 28 3
Minerals
Ready to drink litres
3585 3685 3553 792

Estimated awp profit (Amusement with prizes)

£2,000 Per annum approximately 

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

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