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Gardeners Arms

2 Forge Lane, Higham, Rochester, Kent, ME3 7AS

The Gardeners Arms is a traditional village pub and restaurant with 2 letting bedrooms in the historic village of Higham, near Rochester in Kent.

 

 

Key features

  • Fully refurbished in 2017
  • Village pub with restaurant for 30 covers
  • Only pub in the village of Higham
  • Two double ensuite guest letting bedrooms
  • Refurbished tenant private accommodation
  • Great secluded outdoor patio area/garden
  • Customer car parking

Floorplan

THE GARDENERS ARMS

The Gardeners Arms is a traditional village pub & restaurant with letting bedrooms in the charming village of Higham, near Rochester in Kent.

Just minutes from beautiful Knowle Country House, the Gardeners Arms sits in a prominent corner plot directly opposite the shops and local amenities in Higham. It is the only pub in the village, making it a both a focal point and popular drop in spot for the for the Higham locals.

The Gardeners Arms underwent a complete refurbishment scheme in 2017, to include the pub exterior, repositioning of the bar, restaurant and snug areas and the two letting bedrooms, so you will find this site immaculate condition throughout.

The pub boasts a restaurant for approximately 28 covers, a snug with an additional 18 covers, plenty of relaxed drinking space in the bar and a small but well equipped trade kitchen. Upstairs there are two en-suite letting bedrooms with   televisions and tea & coffee making facilities.

Outside you will find a great paved trade garden with a covered patio area and private customer car  parking.

With the local community at the heart of this business, the Gardeners Arms is perfectly equipped for purpose and has everything that you would expect from a  great village pub.

Available in or potentially before November 2019, Shepherd Neame is now looking for new operators that will enjoy immersing themselves into a local community and running a village pub.

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

BAR, RESTAURANT & KITCHEN  

Large open plan bar with relaxed drinking area, private restaurant area for approx. 28 covers, snug for 18 covers. Small well equipped trade kitchen and there is a large walk-in fridge in the cellar

OUTDOOR & PARKING

Well kept trade patio garden to the rear of the property with a large covered seating area, BBQ area and seating with three tables. Private car parking is shared with the local library behind the pub

LETTING ACCOMMODATION

Two refurbished double en-suite letting bedrooms on the first floor with televisions and tea & coffee making facilities

PRIVATE ACCOMMODATION

1 double bedroom, lounge, kitchenette and bathroom

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£0
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£2500
Working capital£2500
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£12500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£12500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£33020£33800£34632
Per week£635£650£666

Council tax

Band B

Non Domestic Business Rates

 

RATEABLE VALUE - £25,750

 

MULTIPLIER 2019/2020 - 0.491

ESTIMATED RATES PAYABLE - £8,429

  • 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 (Jun 18 - Jan 19)
All beer and cider
Barrels
155 90 113 54
Wine
Gallons
257 169 231 169
PPS
Gallons

Premium packaged spirits (eg WKD)
4 3 14.5 3
Traditional Spirits
Gallons
37 19 33 33
Minerals
Ready to drink litres
2121 1504 2613 1686

Estimated food turnover

£1,200 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.

Estimated awp profit (Amusement with prizes)

£1,100 per annum approximately

Licence information

Hours authorised by the premises licence

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

Sunday - Wednesday - 10:00 - 00:00
Thursday - Saturday - 10:00 - 01:00

Open to the public

Sunday - Wednesday - 10:00 - 00:30
Thursday - 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