Invest in a piece of local history...!
We are delighted to bring to the market this popular and well reputed Pub and Restaurant which has been carefully and very thoughtfully improved by the current owners to provide a thriving potential business just on the edge of the sought after Margate Old Town area.
Looking for a lifestyle business?
Guide Price: £475,000
This opportunity is fantastic. As many Pubs locally are being replaced with different trades, The London Tavern offers a great niche in the market for a traditional, friendly, 'open fire' Pub with ample of space for a quality restaurant that would be well supported by the locals and visitors alike.
Originally The Dukes Head, the property was built in the 1760's close to Hawley Square, which is a sought after Georgian development close to the town and sea front and later was renamed The Shakespeare Tavern before becoming The London Tavern in 1860 where the name remains today. Part of The Cobbs Brewery empire, this famous local Pub was well frequented by many notable visitors, such as Carl Freedman, Tracy Emmin, John Challis to name but a few and also quickly became a popular base for the local Arts Community. The 'Arts Quarter' as it is locally known is just 150 yards away.
The London Tavern won an award in 2016 for the restoration works to bring it into the great building that is is today, along with the ability to offer a huge variety of lagers and ales with its FREEHOUSE status.
The history surrounding this property is vast. Over the last 250 years it has seen many comings and goings and once had 4 secret tunnels running to surrounding locations, including the Theatre Royal, property in Hawley Square and of course the obligatory smugglers tunnel!
It was also a Coach House stop, with the original Shute for saddle drying still evident and tacking rooms now converted into large cellars for its modern use.
The potential for increased business is vast. There are two bars, a possible separate function room, snug (which is a popular haunt for bikers) separate restaurant area and outside beer garden / alfresco dining courtyard which are certain all to be a real attraction for new and repeat customers.
Included within the premises is owners accommodation offering a 1 bedroom apartment which has been tastefully modernised in keeping with the building and will offer ideal space for staff if required, with a splendid living room, double bedroom with fitted wardrobes and en-suite shower, plus a separate bathroom.
The business premises are being sold FREEHOLD due to retirement. A late operating licence exists from 10am - 1am 7 days a week, but previously traded mainly from 5-11pm.
For more information or to arrange a suitable time to visit, please call our Margate office on 01843 221133.
