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Rose Inn, Herne Bay

Mortimer Street, Herne Bay, Kent, CT6 5ER

Boasting a prime spot in the centre of Herne Bay high street, the Rose Inn is a traditional style, community pub located in a bustling seaside town on the Kent coast.

 

Key features

  • Located in the bustling seaside town of Herne Bay on the Kent coast
  • Community wet led pub located centrally in the high street
  • Currently operating 10am until 7pm Mon-Wed and 10am-8pm Thrs to Sun
  • Main bar area with central servery and back bar with darts board 
  • Trade kitchen which is not currently utilised 
  • Pavement licence for the front of the property  
  • Two bed tenant private accommodation in good condition throughout
  •  

Floorplan

ROSE INN, HERNE BAY 

Boasting a prime spot in the centre of Herne Bay high street, the Rose Inn is a traditional style, community pub located in a bustling seaside town on the Kent coast.

Very much an authentic Kentish pub, you can expect a warm and friendly welcome at the Rose together with great range of beers, wines and spirits or a perfectly well kept pint of ale.

The Rose is currently a wet only operation with a strong and loyal local following that opens Monday to Wednesday from 10am  until 7pm and Thursday to Sunday from 10am until 8pm.

The Rose has a pavement licence for the front of the property, so when the sun is shining it is a perfect spot for the locals, day-trippers or holiday makers to sit, relax and watch the world go by.

Internally you will find a cosy bar area lined with Kentish hops and a central feature bar servery together with a bar area with darts board to the back of the property, which could also be used as restaurant dining space in the future. A good sized and fully equipped trade kitchen is located on the first floor but it is not currently utilised.

The tenants private accommodation is in great condition throughout and set out over two floors includes a large lounge and bathroom on the first floor and two large double bedrooms on the second floor.

Available in August 2022 with the potential to be available sooner for the right applicants, the Rose Inn is looking for a new operator that enjoys being at the heart of a local community and  running a wet led business.

For more information or to arrange a formal viewing of the Rose Inn, please contact us now on 01795 542132.

BAR & RESTAURANT   

Front bar area with central feature servery and additional bar/restaurant dining space for approx. 20 covers

KITCHEN

Small fully equipped trade kitchenette on the first floor

OUTDOOR & PARKING

Pavement licence for outside the front of the property

PRIVATE ACCOMMODATION

Set out over two floors and includes: First floor: Trade kitchenette, large lounge and large bathroom. Second Floor: Two large double bedrooms

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£8000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£4000
Working capital£3000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£22500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£22500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£££
Per week£££

Council tax

Band B

Non Domestic Business Rates

RATEABLE VALUE - £11,750

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE 2021/2022 (Until 31/03/2022) £0

ESTIMATED RATES PAYABLE 2022/2023 (From 01/04/22) £0

NOTE: 

  • Retail relief for the hospitality industry is 75% rate relief for the remainder of the rating year until 31st March 2022
  • Retail relief for the hospitality industry is 50% rate relief from the 1st April 2022 until 31st March 2023
  • 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, eligibility criteria 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
All beer and cider
Barrels
155 164 108 73
Wine
Gallons
110 98 73 50
PPS
Gallons

Premium packaged spirits (eg WKD)
3 0 0 0
Traditional Spirits
Gallons
32 28 20 7
Minerals
Ready to drink litres
1106 864 849 410

Estimated awp profit (Amusement with prizes)

£900 per annum approx.

Licence information

Hours authorised by the premises licence

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

Sunday - 10.00 - 00.00
Monday - Thursday - 09.00 - 00.30
Friday - Saturday - 09.00 - 01.00

Open to the public

Sunday - 09.00 - 00.30
Monday - Thursday - 09.00 - 01.00
Friday & Saturday - 09.00 - 01.30

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