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Railway Hotel, Faversham

Preston Street, Faversham, Kent, ME13 8PE

Located just 500 yards from Shepherd Neames very own Brewery, the the Railway Hotel is a well-established pub & restaurant with seven letting bedrooms in the market town of Faversham, Kent.

Key features

  • Well-established pub & restaurant with letting bedrooms
  • Great location in the market town of Faversham, Kent
  • Large Victorian bar area with snug
  • Carriage restaurant dining room for approx. 40 covers
  • Seven ensuite letting bedrooms
  • Trade patio garden area 
  • Private customer car parking for approx. 10 cars
  • 2 bed private tenants accommodation 
  • Available due to retirement

Floorplan

Located on a winding creek, Faversham is the oldest market town in Kent. It enjoys a rich history and it is famous for its annual transport weekend and the Faversham hop festival.

Just 500 yards from Shepherd Neames very own brewery and boasting a great location next to Faversham railway station, the Railway Hotel is a well-established pub & restaurant with seven letting bedrooms that has been welcoming guests for over 150 years. 

Internally you will find a large Victorian style bar area and snug full of original authentic features and the hanging hops give the pub its authentic Kentish feel. Just off of the main lobby area you will find the beautiful Carriage restaurant dining room which caters for approximately 40 covers and it can also double up as private event or dining space. There is a good sized trade kitchen on site with a separate dry storage area.

On the first floor of the Railway Hotel you will find seven comfortable and cosy ensuite letting bedrooms, some of which house feature fireplaces and historic touches. The rooms are made up of one single, three double and three twin bedrooms. There is also private tenants accommodation on the first floor which includes two bedrooms, a lounge, kitchen and a bathroom.

Outside you will find a trade patio courtyard area which is popular during the warmer weather together with a customer car park for around 10 cars. 

The Railway Hotel is community led with a strong, loyal following for its well-kept cask ale. It also benefits from transient custom from the both train station opposite and the annual hop festival. Live music, darts and bar billiards are a regular feature at the pub together with live Jazz music on the last Wednesday of every month as part of the Faversham Blues & Jazz club.

 Due to retirement, this tenancy is now available for the first time in seven years and it could be available quickly if required. Contact us now for more information on 01795 542132.

BAR, RESTAURANT & KITCHEN

Main hotel lobby area. Large Victorian style bar area for approx. 70 covers with a feature bar servery and a large snug area. The Carriage restaurant dining room for approx. 40 covers. Trade kitchen split in to two areas with a dry storage area

LETTING ACCOMMODATION

Seven en-suite letting bedrooms are located on the first floor to include 1 single, 3 twin and 3 double bedrooms

OUTDOOR & PARKING

Trade patio garden area to the back of the property. Private customer car park for approx.10 cars

PRIVATE ACCOMMODATION

Tenants private accommodation is on the first floor and includes two bedrooms, lounge, kitchen and a bathroom

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£40000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£6000
Working capital£5000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£58500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£18500
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  - £29,250

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE - £0

NOTE: 

  • Retail relief has been increased to 100 % for the hospitality industry between 1st April 2020 to 31st March 2021
  • 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 (Jul 19 - Jun 20)
All beer and cider
Barrels
256 257 255 145
Wine
Gallons
249 313 269 134
PPS
Gallons

Premium packaged spirits (eg WKD)
7 3 3.5 2
Traditional Spirits
Gallons
76 84 74 41
Minerals
Ready to drink litres
4464 3247 3729 2031

Estimated food turnover

£2,000 per week approximately

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 - Saturday - 10.00 - 00.00
Sunday - 11.00 - 23.30

Open to the public

Monday - Saturday - 07.00 - 00.30
Sunday - 07.00 - 00.00

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