Beer Garden
External Drinking Area
Smoking Solution
Property details
The Cross Keys is located just outside of the old city walls in Canterbury. Canterbury is well known for its vibrant culture with a bustling tourism trade and student population. There are great demographics around the pub, with over 6,800 adults within a 10-minute walk – expanding to 21,000 in a 20-minute walk. The Cross Keys will be the go-to premium local in the area, an inviting and comfortable place for a drink with friends and a fun night out.
The Cross Keys will benefit from a full internal redecoration. The landlords will be installing a new raised trading area to create more usable trading space throughout, adding bespoke fixed seating, reviving the bar counter with new back fittings, and adding new lighting throughout whilst renovating the existing timber flooring.
Externally, they will be redecorating and adding new signage and lights to the front of the building to drive kerb appeal to passing trade. The rear beer garden will see a huge improvement with the addition of new planters, pergolas, decking, and festoon lighting.
There is private accommodation at the site and there is scope for this to be further developed by the new operator. As part of the planned development included for this site a dedicated tenant’s/manager’s accommodation will be created upstairs and decorated to a good standard, this will consist of 2-3 bedrooms, living room, kitchen, and bathroom.
Cask Ale
Catering Kitchen
Live Entertainment
Live Sports
Trading style
This tasteful refurbishment will inject modern character into The Cross Keys, giving it the ability to trade at all points of the day and generate multiple income streams. With premium features, a brand new bar servery, flatscreen TVs, and a private rear bar area, The Cross Keys will now be able to host any occasion in stunning surroundings.
A high footfall area combined with the investment in the trade kitchen, refurbishment to internals and externals, and a great modern garden space to ensure the Cross Keys will be a golden opportunity for an operator who can drive a rhythm of the week and drive trade. The eclectic and quirky finishes with flexible zoning and a comfortable atmosphere along with the 67 internal covers and 100 external covers will ensure the pub stands out from its competition.
This is a pub with great potential, all that's missing is the right person to drive it forward. So, could that be you?
Key financials
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Reference Number:
8M9JTW / 2303052101
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Agreement Type:
Lease
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Min Ingoing Cost:
£72,509.00
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Annual Rent:
£44,500.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £44,500
Estimated Annual Turnover £522,743
Deposit £11,125
Estimated Fixtures & Fittings Value £47,884
Estimated Stock Valuation £10,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £72,509
Estimated Minimum Ingoing Costs £72,509
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.