Skip to main content

Royal Naval Reserve, Whitstable

28/30 High Street, Whitstable, Kent, CT5 1BQ

Just minutes from the beach front and harbour, the Royal Naval Reserve is a large pub and restaurant that boasts an enviable location in Whitstable town.

Key features

  • Development planned for 2017
  • Enviable high street location in the seaside town of Whitstable 
  • Large open plan bar area and seperate restaurant for 30 covers 
  • Courtyard garden to the back of the property

Floorplan

ROYAL NAVAL RESERVE 

New to the market for the first time in over twenty years, the Royal Naval Reserve presents an exciting opportunity for experienced tenants to join Shepherd Neame.

Due to undergo a refurbishment in 2017, we are looking for tenants that can deliver a quality hybrid offer in Whitstable.

Internally the pub boasts a feature bar and large drinking and dining space, a separate mezzanine style restaurant for approx. 30 covers and a good sized trade kitchen to rear of the site. Externally you will find a covered smoking area and a courtyard style garden to the back of the property.

Just five minutes from the beach front and harbour, the Royal Naval Reserve boasts a superb location in the shop filled high street. This vibrant and trendy town is famous for its oysters and it is a magnet for local foodies, day-trippers and weekend visitors.

We are keen to work with new tenants as we embark on an exciting development project at the Royal Naval Reserve.

With a significant investment planned by Shepherd Neame, we are looking for proven food loving  caterers that can develop a great business and reposition the Royal Naval Reserve as a popular drinking and dining spot in Whitstable.

To find out more about the proposed development scheme and our future plans for this site please contact the Trade Recruitment Co-ordinator on 01795 542132.

BAR

Feature bar servery with large open plan drinking and dining area.

KITCHEN & DINING 

Separate mezzanine style restaurant for approx. 30 covers.

OUTDOOR & PARKING 

Under cover smoking solution and courtyard style garden to the rear of the property.

PRIVATE ACCOMMODATION

The private accommodation is set out over two floors with 2/3 bedrooms, 2 lounges, office and a bathroom.

 

 

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Dilapidations
+ monthly payments £50
£100
Inventory£25000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£5000
Working capital£3000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£40500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£25000
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 2010 - £10,800

Multiplier 2016/2017 - 0.484

Estimated Rates Payable 2016/17 - £4,182

Rateable Value 2017 - £13,000

Multiplier 2017/2018 – 0.467

Estimated Rates Payable 2017/18 - £2,024

  • The estimated rates payable are based upon the assumption that the tenant occupies maximum one pub and therefore qualifies for small business rates relief. Apart from relevant multipliers and small business rate relief, no other reliefs have been applied.
  • It has been recommended that the prospective new tenant checks the rates payable and any other relief prior to completing a financial plan.

Trading information

Trade

Year ending 30 June

2015 2016 2017 (Jul-Dec 16)
All beer and cider
Barrels
121 195 110
Wine
Gallons
139 305 144
PPS
Gallons

Premium packaged spirits (eg WKD)
13 33 20
Traditional Spirits
Gallons
27 100 56
Minerals
Ready to drink litres
2208 3988 3062

Estimated food turnover

£400 - £500 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 - Sunday - 10.00 - 00.00

Open to the public

Monday - Sunday - 10.00 - 00.30

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 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