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Grove Ferry, Upstreet

Grove Ferry Road, Upstreet, Canterbury, Kent, CT3 4BP

Sat just eight miles east of Canterbury city, the Grove Ferry Inn is a charming Georgian Country Pub & Restaurant with letting bedrooms, that boasts an enviable riverside location in Upstreet village.

 

Key features

  • Beautiful destination dining Pub & Restaurant for approx. 100 covers
  • Riverside location in Upstreet Village, near Canterbury
  • Private function room for approx. 40/50 covers
  • Riverside veranda & gardens for approx. 200 covers 
  • Six ensuite guest letting bedrooms
  • Tenants private cottage on site with 2 bedrooms

Floorplan

THE GROVE FERRY INN

If you are looking for a unique, striking destination dining business that will provide you with the opportunity to enhance and develop the existing trade, then look no further than the Grove Ferry Inn, Kent.

Sat just eight miles east of Canterbury city, the Grove Ferry is a charming Georgian Country Pub & Restaurant with letting bedrooms, that boasts an enviable riverside location in Upstreet village.

Perfectly equipped for purpose, the Grove Ferry houses a feature bar servery with a relaxed, family friendly drinking and dining area and a more formal restaurant dining room totalling approx. 100 covers. There is also the Boathouse, a private function room for around 40 covers with doors leading on to the decked riverside veranda and a small outdoor bar.

The Grove Ferry’s unique selling point is its amazing  outdoor area, including a wooden veranda with bench seating, a beautiful riverside garden with seating for around 200 covers to the back of the property and further gardens and a private customer car park at the front. The business also includes 12 boat moorings, 11 of which are currently let on a daily basis and 1 of which is used permanently for the Grove Ferry tourist boat.

The guest letting accommodation includes six bright and airy ensuite bedrooms, two of which have a riverside balconies and there is a private entrance to the accommodation when the pub is closed.

The tenants private accommodation comes in the form of a private ground floor cottage with two bedrooms, a kitchen, lounge and bathroom.

Moving forward, the Grove Ferry is looking for proven F&B operators or hoteliers that have experience running a high volume and turnover business.

For more information please contact the Trade Recruitment Co-ordinator on 01795 542132.

BAR, RESTAURANT & KITCHEN 

Feature bar servery with multiple trade areas to include relaxed drinking & dining area for approx. 60 covers and Restaurant dining area for approx. 40 covers. Private              function room for approx. 40/50 covers that has access to the veranda and outdoor bar. Large trade kitchen with separate bar  area which opens on to the gardens

LETTING BEDROOMS

Guests private entrance hall leading up to six first floor ensuite letting bedrooms with Televisions and tea & coffee making facilities. Two of the bedrooms have a riverside balconies

OUTDOOR & PARKING

Riverside wooden veranda with seating leading on to large back garden with seating for approx. 200 covers. Garden to the front of the property and private customer car park. Please note, the pub rent is inclusive of 12 boat moorings, 11 are let on a daily basis & 1 is used permanently for the Grove Ferry tourist boat

PRIVATE ACCOMMODATION

Private tenants cottage with two bedrooms, lounge, kitchen and bathroom

Capital Requirements

Estimated capital requirements

Trading deposit£7500
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£45000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£5000
Working capital£20000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£65000

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£35000
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£49920£51220£52624
Per week£960£985£1012

Council tax

Band

Non Domestic Business Rates

RATEABLE VALUE - £55,000

MULTIPLIER 2019/2020 - 0.504

ESTIMATED RATES PAYABLE - £27,720

  • 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

2016 2017 2018 2019
All beer and cider
Barrels
101 109 101 94
Wine
Gallons
509 459 411.5 391.5
PPS
Gallons

Premium packaged spirits (eg WKD)
7 7 4
Traditional Spirits
Gallons
27 45 56 50
Minerals
Ready to drink litres
8921 8412 8392 10,683

Estimated food turnover

£400,000 per annum approximately (net)

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 - 01.00

Open to the public

Sunday - Thursday - 07.00 - 00.30
Friday - Saturday - 07.00 - 01.30

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 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