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William Caxton, Tenterden

West Cross, Tenterden, Kent, TN30 6JR

Nestled in the heart of the Weald of Kent, the William Caxton is a traditional style pub & restaurant located at the top end of West Cross in Tenterden high street.

 

Key features

  • Great corner position at the end of Tenterden high street
  • Grade-II listed building with original features and an open fire place 
  • Large spacious pub with open plan drinking/dining space and separate restaurant 
  • Three double ensuite letting bedrooms 
  • Small trade garden
  • Availlable quick if required 

Floorplan

THE WILLIAM CAXTON 

Nestled in the heart of the Weald of Kent, the William Caxton is a traditional style pub & restaurant located at the top end of West Cross in Tenterden high street.

 A Grade II listed building, the William Caxton is a large spacious site in good condition throughout and much like Tenterden itself, it still boasts many of its original features.

 Internally the William Caxton houses a feature bar servery, an L-shape drinking and dining area with an open fire place and a private restaurant dining room come function room for approx. 24 covers.

 Upstairs at the William Caxton you will find three ensuite letting bedrooms made up of one premium and two standard doubles. The letting accommodation proves popular with both leisure and business guests all year round when people are working locally or if they are visiting this tourist destination that is rich in history.

 Shepherd Neame is now looking for new tenants at the William Caxton and this site would suit what will be hands on operators that enjoy being part of a community led business. For the right applicants, this site also has the potential to be available immediately.

For more information or to arrange a formal viewing of this business, please contact the Trade Recruitment Co-ordinator now on 01795 542132.

BAR, RESTAURANT & KITCHEN       

Feature bar servery with large L-shape trade drinking and dining area and a separate restaurant dining room for approx. 24 covers. Trade kitchen with plentiful storage

OUTDOOR & PARKING

Small trade garden to the rear of the building. 3 customer car parking spaces to the front of the property

LETTING ACCOMMODATION

Three  double letting bedrooms with ensuites 

 PRIVATE ACCOMMODATION

Two large double bedrooms, 1 single bedroom,  kitchen/lounge, Bathroom and office

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£15000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£3500
Working capital£4000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£30000

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£15000
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 - £15,250

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE (Until 31/03/2022) - £5022

ESTIMATED RATES PAYABLE (From 01/04/22) - £3,805

NOTE: 

  • Retail relief for the hospitality industry is reduced to 66% rate relief for the remainder of the rating year until 31st March 2022
  • 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

2017 2018 2019 2020
All beer and cider
Barrels
72 75 52 29
Wine
Gallons
500 333 248 113
PPS
Gallons

Premium packaged spirits (eg WKD)
2 3 3 2
Traditional Spirits
Gallons
18 19 9 4
Minerals
Ready to drink litres
1767 2000 1766 838

Estimated food turnover

£400 per week approximately (net 2019)

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.

Monday - Sunday - 10.00 - 00.00

Open to the public

Monday - Sunday - 10.00 - 00.30

Live music

Monday - Sunday - 10.00 - 23.00

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