DO NOT BID ON THIS AUCTION. ADVERT ONLY. CONTACT US FOR MORE INFORMATION

Location: Situated in a densely populated area amidst a variety of small shops and businesses near to the Luton Arches / Chatham Hill end of the High Street, just off the main pedestrian area and shopping centre of Chatham town which is ear marked for substantial development Excellent and very supportive mainly local trade, a highly recommended well established and busy wet sales led venue for interested parties keen and able to continue with the local support in this very profitable and busy outlet. Best approached via the A2, which runs through the Medway Towns. Should you not be familiar with the Medway towns reference to a local map would be of assistance.

Trade areas: Two front and further side entrances to a horseshoe shaped timber floored recently decorated combined saloon and public bar with a wealth of public house bric-a-brac and vintage local photographs, large screen TV, secondary plasma TV, pool and darts facilities, traditional and lounge style furnishings, central shaped and easily supervised fully fitted servery, internal ladies and Gents WCs. Access off bar to trade kitchen and utility room. Basement cellar, off servery, with small office, cellar reception and refrigerated beer store. Further access off rear of main bar to recently enlarged attractive and illuminated fenced trade garden with purpose installed smokers facilities just off the main bar, BBQ unit and a comfortable number of combination bench seats. GFCH throughout the public areas and all main services are connected.

Private Accommodation: Stairs up from rear passage to first floor accommodation consisting of lounge, three bedrooms, bathroom / shower, WC.

Trade: We are in receipt of the latest accounts (2007) indicating weekly takings average £5400.00.Net of VAT at 56% GP which includes substantial machine income. There is currently no food offered at these premises. (All machine profits are paid to the lessee). These premises are free of all ties regarding the supply of Wines, Spirits, beers, soft drinks and minerals. Accounts will be supplied to serious enquirers.

Tenure: New full repairing and fully insuring ten year lease is offered. The lease is fully assignable at the offset.

Rent : (Net) £38,000.00. Pa. including insurance. Review due commencement of year five with further five yearly reviews thereafter.

Rates: We are advised the current net business rates payable are £9534.00.p.a. (under appeal)

Licence: New Premises licence is in effect and a variation of the original permitted hours is in place with extended hours throughout the week. Mon-Thurs 9am-11.30pm. Fri-Sat 9am-1am. Sun 9am-12pm

Price: We are seeking reduced offers near to. £60.000. For the lease to include full trade inventory, plus stock and glassware at completion, additional funding will be required for some advance rent and legal fees.

Viewing: (Highly recommended) Discreet viewing of the public areas during normal hours, arrangements to view the accommodation are strictly by appointment with the sole agency LPS on 01634 254408

The Agency has prepared the details on information received and believes the details to be correct and verified by the agency as far as it is possible to do so thus complying with the Misrepresentation Act 1967.