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Albion Taverna

Front Brents, Faversham, Kent, ME13 7DH

Ingoing Cost: £16,000

Annual Rent: £478,400

Beer Garden

External Drinking Area

Car Park

Restaurant/Dining

Property details

Sat just 400 yards away from the Brewery itself, the Albion Taverna is a well-established Creekside pub & restaurant, located in the hometown of Faversham, Kent. Positioned just south of the Thames Estuary and at the heart of the Garden of England, Faversham is a market town that boasts a rich history and is now famous for its annual Hop Festival held every September and the Festival of Transport Weekend in May.

Internally at the Albion Taverna, you will find a feature bar servery set in a L-shaped drinking and dining area for approx.52 covers, a well-equipped trade kitchen with separate dessert station, plenty of external storage space and a ground floor cellar.

Externally, overlooking the creek, you will find table seating to the front of the property for 16 covers, and to the rear of the site is a patio area with a stretch tent and a small, grassed garden for approx.50 covers.

The first floor, tenants private accommodation is currently being utilised as offices, a staff room and storage areas, but it has the potential to be re-established as living accommodation for the right applicants.

Cask Ale

Trading style

The Albion Taverna is a food-led business that currently trades seven days a week from noon onwards, It provides its customers with a Mexican and British cuisine themed menu, which is built lovingly from scratch using a range of fresh, quality ingredients.

The local community is at the very core of the Albion Taverna's day business, but owing to its great location on a popular walking path, it also welcomes a high volume of year-round visitors that are exploring the area. The business sees an increase in trade during the summer months and it is a popular drop in spot for the local rowing club that regularly pop by for cold refreshments or a bite to eat after a hard days rowing on the creek!

Key financials

Reference Number: 2427964
Agreement Type: Tenancy

Min Ingoing Cost: £16,000
Annual Rent: £478,400

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Please be aware that energy performance certificates are available from the landlord.

Please note that the ingoing figure stated is the minimum investment required.

Rent - Year 1 - £47,840 Year 2 - £48,776 Year 3 - £49,764 Year 4 - £50,856 Year 5 - £52,000

ESTIMATED FOOD TURNOVER - £8,000 net per week. The landlords have no access to the actual turnover figures as above. Please note that these figures are estimated as accurately as possible at the time of publishing.

ESTIMATED AWP PROFIT - £N/A

This pub is being offered on a traditional rolling tenancy agreement subject to a five-year rent review.

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