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Northern Belle, Margate

Mansion Street, Margate, Kent, CT9 1HE

Built in 1680 and officially the oldest pub in Margate, the Northern Belle is a quaint, wet only community pub tucked away in Margate Old Town, Kent.

 

Key features

  • Wet, community led business with live music at the core
  • Located within Margates retro influenced Old Town
  • Sits opposite Margate beach and Turner Contemporary Gallery
  • Feature bar servery with U-shape trade area
  • Large four bed private accomodation in fantastic condition throughout 
  • Potential to be available quickly for the right applicants

Floorplan

THE NORTHEN BELLE

Built in 1680 and officially the oldest pub in Margate, the Northern Belle is a quaint, wet only community pub tucked away in Margate Old Town.

The Northern Belle sits directly opposite Margate’s blue flag main sands and the Turner Contemporary Gallery. Following its recent regeneration scheme, Margate's Old Town now plays host to an eclectic range of vintage clothes and furniture shops, galleries, restaurants and cafes with a retro twist.

 Live music is at the heart of the Northern Belle, mostly with a ska & reggae influence and DJs or bands are usually on offer every Saturday night and Sunday afternoon. The pub is popular amongst the locals and visitors alike and it is renowned for its warm and friendly welcome.

Internally you will find a feature bar servery together with a u-shaped trade area. The tenants private accommodation has been very well looked after and is in great condition throughout. All of the rooms are airy and spacious and it includes four double bedrooms, a lounge, a very good sized kitchen which can double up as trade kitchen if required and a bathroom.

 This charming little pub is now looking for new operators that want to run a wet and community led business. There may also be the potential for it to be available quickly for the right applicants.

 For more information or to arrange a formal viewing please contact us on 01795 542132. 

BAR

Feature bar servery with U-shape trade area

KITCHEN & DINING

Domestic kitchen only in private accommodation

 OUTDOOR & PARKING

N/A   

PRIVATE ACCOMMODATION

Large private accommodation in great condition throughout, to include four bedrooms, a lounge, large kitchen and bathroom with shower

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£12000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£0
Working capital£2000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£21500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£9500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£18200£18824£19500
Per week£350£362£375

Council tax

Band A

Non Domestic Business Rates

  • 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

Trading information

Trade

Year ending 30 June

2017 2018 2019 2020
All beer and cider
Barrels
98 146 147 96
Wine
Gallons
22 105 109 71
PPS
Gallons

Premium packaged spirits (eg WKD)
1.5 1.5 1.5 0
Traditional Spirits
Gallons
4 11.5 16 10
Minerals
Ready to drink litres
127 1485 3718 2127

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 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