THE LITTLE CROWN PH.
346 HIGH STREET, CHATHAM,
KENT, ME4 4NR
****FREE OF ALL TIES****

VERY PROFITABLE TENANCY

LET BY LPS

MIN CAPITAL REQ: £10,000.

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, three large screen TVs, pool and darts facilities, digital CCTV system, 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. (Food is not currently offered). Basement cellar, off servery, with small office, cellar reception and refrigerated beer store. Further access off rear of main bar to 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 and trade parasols. 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. (Currently split to accommadate self contained bed sit with letting potential)

Trade: We are in receipt of the latest accounts (2009) indicating weekly takings average £5000.00. Net of VAT at 53% GP, substantial machine income is in addition. (All machine income is paid to the tenant). 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 / Licence: New traditional three yearly renewable tenancy is offered with limited maintenance obligations.Licence: Permitted hours: Mon-Thurs 9am-11.30pm. Fri-Sat 9am-1am. Sun 9am-12pm.

Rent : (Net) Year 1: c£25,000. Pa. Year 2: £30,000. Pa. Year 3: £35,000. Pa. (Index linked and initially negotiable), including insurance. Review due year three. Rates: We are advised the current net business rates payable are £11,064.00.p.a.

Estimated Ingoing: **FURTHER REDUCED ** Minimum capital requirement c £10,000. including partially financed inventory value, security deposit, some advance rent, dilapidations deposit, fees, stock and glassware at completion.

Viewing: (This is a busy outlet and discreet public area viewing during licensed hours is requested), arrangements to view the accommodation are strictly by appointment with the sole agency LPS on 01634 254408

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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.