Dr Syntax Prudhoe

Front Street, Prudhoe, NE42 5DB

  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe
  • Dr Syntax Prudhoe

Dr Syntax Prudhoe

Community Pub with Potential - Major Refurbishment Being Considered

Dr Syntax is a family friendly community pub in the centre of Prudhoe, south Northumberland. Prudhoe is approximately 11 miles west of Newcastle-upon-Tyne and predominately a commuter town for Newcastle. The pub is located on the main thoroughfare through the town centre, alongside a mix of shops and other local businesses and surrounded by residential properties. Dr Syntax is enjoyed by the local community, who visit for a drink, Sunday lunch and entertainment in the form of live sports, live music, discos and pub games.

Should investment go ahead by Star Pubs and Bars Dr Syntax will be given a fresh, modern new look to maximise its appeal and allow the new operator to make the pub the go-to choice in town. There is excellent opportunity to build on the existing food offer and develop the events calendar to drive trade.

BDM's Vision:

With a major refurbishment being considered, Dr Syntax has excellent opportunity to become the go-to choice for the community both day and night. Development of the food offer and a varied events calendar, combined with a new look will transform the pub's appeal.

Community Focused Operator Wanted

We are looking for an operator with drive and a passion to be part of the community. Experience in running a successful pub is preferable, but alternatively strong transferable business skills are also desirable. You must have the ability to develop trade through fresh ideas for the entertainment and food offer.

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing

Trading Area & Facilities

Internally, Dr Syntax has a well-maintained traditional pub decor with appealing features including an open fireplace, feature wallpaper and a rich colour palette giving it a cosy, welcoming feel. The pub is one wide large open plan room, with a dancefloor at one end, the bar on the back wall and a pool table at the other end. The pub has a commercial kitchen, able to cater for 52 covers.
Upstairs there are six rooms and two bathrooms, which are currently unused but could be used as letting rooms.

Externally, Dr Syntax is a red brick traditional two-storey building with good kerb appeal. There is a beer garden and courtyard with picnic benches to the rear - excellent space for adding extra appeal in the summer months. In addition there is a good sized car park to the side of the pub.

Star Pubs and Bars are considering a major refurbishment of Dr Syntax, which once complete would see the pub showcase a refreshed, contemporary decor, complete with new or revamped fixtures, fittings and soft finishes throughout. The outside would also benefit from a new lighting & signage scheme.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

The private accommodation consists of multiple bedrooms, living room, kitchen and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Premises Licence Details

The Premises Licence is not currently available.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
12:00 - 23:30 12:00 - 23:30 12:00 - 23:30 12:00 - 23:30 12:00 - 01:00 12:00 - 01:00 12:00 - 23:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,209
Estimated Annual Maintenance Compliance Charge £
1,473
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased