Neptunes Hall

Harbour Street, Broadstairs, Kent, CT10 1ET

The Neptune's Hall is a fully refurbished pub in a great location in the sunny seaside town in Broadstairs, Kent

Code of practice PDF Apply

Key features

  • Great location near the beach in Broadstairs town
  • Available for the first time in seventeen years
  • Fully refurbished inside and out in December 2018
  • Newly fitted first floor trade kitchen
  • Complete garden development 
  • Available quickly
  • Large tenant accommodation

Floorplan

Available for the first time in seventeen years, Shepherd Neame is looking for new tenants to take on the successful running of the Neptune’s Hall, Broadstairs.

A Grade II listed building, the Neptune's Hall boasts a great location and prominent corner plot in the charming seaside town of Broadstairs, Kent. Sat on Harbour Street which leads down to the beach front, it is at the hub of the town and various activities during the annual ‘Broadstairs Folk Week’ every August.

Following a complete internal and external  refurbishment scheme in December 2018 and the introduction of a new trade kitchen, you will find the Neptune’s Hall perfectly equipped for purpose and in immaculate order throughout.

Internally there is long feature bar servery with an open plan drinking and dining area and an open fire place. Outside, the garden has also benefited from an update and boasts a decked seating area, patio and grassed areas suitable for outdoor music and boxed flower beds around the edge of the garden.

Shepherd Neame is now looking for operators that can take advantage of the ‘new look’ Neptune’s Hall and put their stamp on this popular pub. The introduction of a food offer together with a great range of cask ales, beers, wines and other drinks will  instrumental to a successful business plan, re-positioning the Neptune’s Hall as an excellent drinking and dining spot in Broadstairs.

To arrange a formal viewing of this site please contact the Trade Recruitment Co-ordinator now on 01795 542132.

BAR & RESTAURANT   

Feature bar servery with an open plan trade drinking and dining area and an open fire place

KITCHEN

Newly fitted trade kitchen on the first floor

OUTDOOR & PARKING

Refurbished trade garden includes decking with  seating, patio area, grassed area and boxed planting. Local car parking is available directly        opposite the pub

PRIVATE ACCOMODATION

Very large tenant accommodation set out over two floors and all rooms are very well sized. Lounge,  bathroom and double bedroom on the first floor and four good sized bedrooms on the second floor

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge		£500
Repair scheme
+ monthly payments £50		£1000
Inventory£25000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker		£3000
Working capital£2500
Training deposit
£750 refundable on completion of training		£1000
Total estimated ingoings£38000

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£28080£28940£29900
Per week£540£557£575

Council tax

Band B

Non Domestic Business Rates

Rateable Value - £14,750

Multiplier – 0.480

Estimated Rates Payable 2018/19 - £7,080

  • 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

2016 2017 2018
All beer and cider
Barrels		 149 113 102
Wine
Gallons		 240 233 205
PPS
Gallons
Premium packaged spirits (eg WKD)		 11 22 10
Traditional Spirits
Gallons		 43 48 50
Minerals
Ready to drink litres		 1798 1639 1770

Licence information

Hours authorised by the premises licence

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

Monday - Thursday - 10.00 - 00.30
Friday - Saturday - 10.00 - 01.30
Sunday - 10.00 - 23.30

Open to the public

Monday - Thursday - 10.00 - 01.00
Friday - Saturday - 10.00 - 02.00
Sunday - 10.00 - 00.30

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

Code of practice PDF Apply