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Royal Naval Reserve, Whitstable

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

Just minutes from the beach front and harbour, Shepherd Neame is looking for new tenants to work in partnership with us as we undertake a complete development scheme at the Royal Naval Reserve in Whitstable.

Key features

  • Complete development scheme agreed and details enclosed
  • Due to re-open March 2019
  • 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 

Shepherd Neame is looking for new tenants to work in partnership with us as we undertake a complete re-development scheme at the Royal Naval Reserve in Whitstable, Kent.

A listed building, the Royal Naval Reserve has stood proud and boasted a great central location at the heart of Whitstable high street since 1760. The         development scheme will be conducted in a sympathetic manner, paying attention to the history of the building and incorporating the pubs unique features in to the new design.

Moving forwards, the refurbished pub will include an upgraded feature bar servery and relaxed drinking area, a separate mezzanine style restaurant for approx. 30 covers and a good sized fully equipped trade kitchen to rear of the site.

Externally the Royal Naval will claim fresh kerb appeal with a full external redecoration and new signage and lighting to the front of the building. To the back, you will find a covered smoking area and a courtyard style garden with garden furniture, lighting and heating.

Located on the North Kent Coast, just minutes from the main beach front and harbour, the Navals location really is on point. Whitstable is a trendy, vibrant town famous for its oysters and it is a magnet for local foodies, day-trippers and weekend visitors.

The Royal Naval is 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.

Given quick commitment from the applicants, we are keen to work with new tenants regarding the interior and facilities included in the refurbishment project.

For more information about the development scheme, please call the Trade Recruitment  Co-ordinator now on 01795 542312.

 

 

 

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 will be updated as part of the development scheme. It 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
Repair scheme
+ 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
£40500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£35100£35984£36972
Per week£675£692£711

Council tax

Band A

Non Domestic Business Rates

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) 2018
All beer and cider
Barrels
121 195 110 112
Wine
Gallons
139 305 144 257
PPS
Gallons

Premium packaged spirits (eg WKD)
13 33 20
Traditional Spirits
Gallons
27 100 56 102
Minerals
Ready to drink litres
2208 3988 3062 3205

Estimated food turnover

£3,000 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)

£1,000 per annum approximately 

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 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