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Three Mariners, Oare

Church Road, Oare, Faversham, Kent, ME13 0QA

Located on the outskirts of Faversham in Kent and overlooking the local nature reserve and creek, the Three Mariners is a beautiful 18th Century, grade II Listed pub & restaurant in the village of Oare.

 

Key features

  • Well established village pub & restaurant 
  • Trade drinking & dining space internally for approx. 75 covers 
  • Excellent outdoor dining facilities for over 100 covers 
  • Large garden and customer car park 
  • Good size trade kitchen
  • Private accommodation with up to 5 bedrooms 
  • Available quickly if required 

Floorplan

THE THREE MARINERS

Located on the outskirts of Faversham in Kent and overlooking the local nature reserve and creek, the Three Mariners is a beautiful 18th Century, grade II Listed pub & restaurant in the village of Oare.

 Perfectly equipped for purpose, the Three Mariners presents you with a wonderful warm and cosy feeling during the winter months and a first rate, beautiful outdoor dining experience when the sun is shining! It currently plays host to an incredibly diverse customer base to include walkers from the nature  reserve, village locals looking for a drink, spot of lunch or take away pizza, destination dining customers for Sunday lunch or even customers looking to get fresh, locally supplied bread or goodies from the pop up shop in the Tepee.

 Internally at the Three Mariners you will find a large feature bar servery, restaurant dining space set over three areas for approx. 75 covers and two open fireplaces. The trade kitchen is of a good size and there is a walk in fridge and freezer located in the basement cellar.

 The outside area and views at the Three Mariners are what sets it apart from its competitors. You will find extensive alfresco dining space set across a three tiered terrace for approx. 130 covers, a fully fitted outdoor kitchen with electric and stone pizza ovens and a fully operational bar area with draught facility. The jewel in the Three Mariners crown is the multifunctional, heated tepee which can be used for overflow dining, weddings, live music or events for up to 60 seated guests.

 Oare is an affluent village that is currently  undergoing extensive housing development in the area with more in the pipeline, so the Three Mariners presents the incoming operator with the potential to continue developing this already well established and trading business.

 The Three Mariners has the potential to be available immediately for the right applicants, so early viewings are highly recommended. For more information please contact the Trade Recruitment Co-ordinator now on 01795 542132.

BAR & RESTAURANT

Large feature bar servery with three internal trade dining areas for approx. 75 covers in total, two open fire places. Good sized trade kitchen with wash up area. Large         basement cellar with walk in fridge and walk in freezer

 

OUTDOOR

Extensive outside dining space split over three terraces, top terrace x 20 covers, middle terrace x 50 covers, lower terrace x 60 covers. Tepee for 60 sit down or 100 standing guests. Outdoor kitchen with electric & stone pizza ovens. Outdoor bar with draught on tap

 PARKING

Private customer car parking for approx. 30 covers and additional street side parking

 

PRIVATE ACCOMMODATION

Set out over two floors. First floor includes kitchenette, bathroom, office, 3 bedrooms and storage. Second floor includes 2 large rooms

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£30000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£5000
Working capital£4000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£46500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£46500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£45240£46176£47164
Per week£870£888£907

Council tax

Band A

Non Domestic Business Rates

RATEABLE VALUE - £32,750

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) - £4,171

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
103 110 89 65
Wine
Gallons
988 896 655 548
PPS
Gallons

Premium packaged spirits (eg WKD)
5 3 3 0
Traditional Spirits
Gallons
26 28 20 9
Minerals
Ready to drink litres
4090 4243 3444 2418

Estimated food turnover

£8,500 per week approx 

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 - 10.00 - 00.30
Friday - Saturday - 10:00 - 01:30

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