Leisure and hospitality specialist Sidney Phillips has been instructed to market for sale the Royal Cheriton, one of Folkestone’s busiest and most successful pubs.
The Royal Cheriton is located in a suburb of Cheriton, in the busy port town of Folkestone, a residential area centralised around a bustling shopping parade close to Folkestone Invicta football club, cricket club and Three Hills Sports Club. Folkestone town centre is a short distance away, which has become an attraction in its own right due to its Creative Quarter, harbour and the scenic seafront promenade.
The Royal Cheriton is a substantial public house occupying a notable corner position along Cheriton Road and has been wisely invested in in recent years and is therefore presented to a high standard throughout. It benefits from a superbly presented trade area with seating for 60, function room and trade courtyard.
Furthermore, it boasts three residential units above comprising two one-bedroom flats, and a sizeable four-bedroom maisonette, ideal for management or new owners with a family.
To the rear of the property is a development opportunity in addition, available with the pub or via separate negotiation, which could suit development to provide a four-bedroom townhouse to match the neighbouring properties, subject to planning permission.
The Royal Cheriton is a popular family-friendly wet-led public house which is well regarded in the area, having been in its present ownership for the past 34 years. It boasts a loyal drinking fraternity which frequent the premises on a daily basis and a traditional pub fayre menu served daily. At present the business is run to suit the Seller's lifestyle and has undoubted scope to further increase turnover and profits with an expansion of the food offering to provide evening meals, as well as to cater for events, teams, theme nights and live music.
The freehold interest of the Royal Cheriton is available off an asking price of £750,000, and the neighbouring development site £125,000.
For further information about this pub for sale and development site for saleplease call Sidney Phillips on 01982 725900, or email southeast@sidneyphillips.co.uk.
(October 2023)