A pub well-known for its live music which has been popular with students for decades is up for sale.

The Nag's Head, a Grade II listed 18th century hostelry, sits prominently on St Margaret's Banks in Rochester High Street.

The current owners, who have been been behind the bar for 18 years, are retiring to northern Cyprus. The previous tenants, including the landlady Angie whose portrait is painted on the pub's sign, were there for 25 years.

Situated near student halls and the University for the Creative Arts, past customers are rumoured to have included controversial artist Tracey Emin who studied there when it was Medway College of Design.

Three years ago it was used for a scene by Del Boy and Rodney lookalikes for an Only Fools and Horses photoshoot. It was transformed into the watering hole of the same name frequented by the duo in the smash-hit comedy TV series.

Photographer Gino Cinganelli brought together a cast of familiar faces – including Uncle Albert, Boycie and Trigger – for the pictures, which also saw the tower blocks of Byrant Street, Chatham, become Nelson Mandela House, in Del's Peckham playground.

The free-of-tie leasehold for the brewery-owned property is on the market for £89,500.

Entrance to the public bar is from the High Street. There's a juke box, TV and seating for 20 people.

A second bar at the back accommodates about 30 and leads to a pool table area with extra seating.

The chilled barrel and bottle store is in the cellar, which it is believed was once used as a cell for a former police station.

The private owners' accommodation is on the first floor, and comprises a lounge, newly-fitted kitchen and a double bedroom with en-suite bathroom. On the second floor, there are two further bedrooms and a bathroom.

A separate entrance leads to a guest double bedroom and bathroom, ideal for letting out.

It is on the market with estate agents Sidney Phillips, who said: "The Nag's Head is a great opportunity for either a first-time buyer or an experienced operator to take on a well-established and well-regarded business and further increase trade levels with a more hands-on approach or by bringing the food offering back in-house.

"The business is operated as a wet-led local pub serving the needs of the surrounding residents as well as those walking into the town centre from Chatham and beyond, and is well known for its live music and quiz nights."

For further information, call Sidney Phillips on 01892 725900.