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Princess of Wales, Margate

20 Tivoli Road, Margate, Kent, CT9 5SE

Located on the Kent coast, the Princess of Wales is a traditional, community led pub in Tivoli Road, Margate. 

 

Key features

  • Community led, wet only pub
  • 10 minutes walk from Margate town and beach front 
  • Large u-shape trade for approx. 60 covers 
  • Pool table & darts area 
  • Small domestic kitchen not currently utilised 
  • Great beer garden to the back of the property
  • large tenant accommodation with 4 bedrooms

Floorplan

THE PRINCESS OF WALES

Located on the Kent coast, the Princess of Wales is a traditional style, community led pub in Tivoli Road, Margate. 

Just ten minutes' walk from Margate's main town centre and beach front, the Princess of Wales currently trades as a wet only operation and it has a good following of loyal, local regular customers that pop in each day for their usual pint and catch up. It is home to several darts teams that meet up on a weekly basis and it is a popular drop in spot for pool and sports followers in the area. Occasional live music and DJs are also well received by the locals.

The Princess of Wales is a large, spacious pub with plenty of room on offer both inside and out. Internally you will find a central feature bar servery with a U-shape trade drinking area for approx. 60 covers, a pool table, darts area and a domestic kitchen. A good sized beer garden to the back of the property boasts plenty of opportunity for        outside drinking and entertainment and there is a small patio area to the front of the building which is popular with the locals.

The vast private accommodation at the Princess of Wales includes four large double bedrooms, a lounge/diner, private kitchen, office, bathroom and toilet.

Due to retirement, Shepherd Neame is now looking for new tenants to take on the Princess of Wales.

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

BAR & RESTAURANT

Large central feature bar servery with a u-shape trade area for approx. 60 covers. Pool table and darts area.

KITCHEN

Domestic Kitchenette on site

OUTDOOR & PARKING

Grassed trade garden to the rear of the property with two storage sheds and a small patio area to the front of the building. Street side customer car parking

PRIVATE ACCOMMODATION

Four double bedrooms, one with an ensuite. Large lounge/diner, private kitchen, office, bathroom and toilet 

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£7500
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
£0
Total estimated ingoings£19000

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£11500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£10712£11024£11440
Per week£206£213£220

Council tax

Band B

Non Domestic Business Rates

RATEABLE VALUE - £11,500

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE (From 01/04/21 to 30/06/21) - N/A

ESTIMATED RATES PAYABLE (From 01/07/21 to 31/03/22 ) - N/A

NOTE: 

  • Retail relief is 100% for the hospitality industry until 30th June 2021, it will then be 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

2018 2019 2020 2021
All beer and cider
Barrels
81 90 64 23
Wine
Gallons
60 39 40 15
PPS
Gallons

Premium packaged spirits (eg WKD)
0 1 0 0
Traditional Spirits
Gallons
30 48 32 10
Minerals
Ready to drink litres
1241 1775 1326 227

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 - 10.00 - 00.30
Friday - Saturday - 10.00 - 01.30

Live music

Monday - Thursday - 10.00 - 23.30
Friday - Saturday - 10.00 - 00.00
Sunday - 10.00 - 22.30

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