Priory Tynemouth
Front Street, Newcastle, NE30 4DXAgreement Type:
Just Add Talent
View details for Priory Tynemouth
Holystone Shiremoor
Holystone Shiremoor
Whitley Road, Shiremoor, Newcastle Upon Tyne, NE27 0DA Pub Code: 0070376101
Pub Code: 0070376101
Foundation TenancyEst Min Ingoing Costs: £13,739
Annual Rent: £34,268
Fantastic opportunity to run a community pub with letting rooms.
What would you do with this pub to make it a success?
The area
The Holystone Shiremoor is located within a residential area of North Tyneside, 5 miles from the coast. The pub is surrounded by residential housing with commercial and retail premises nearby such as Cobalt Business Park and Silverlink. The location is just off the A19 with easy access to the Tyne Tunnel and the Coast Road to Newcastle.
Demographics
The pub benefits from being one of 2 pubs found in an area of around 2,162 adults. The customer base is made up of settled families, busy couples and homeowners.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through food, drinks, entertainment offer as well as managing the letting rooms effectively. What food would you look to implement in the pub?
The site currently has the ability to drive trade via live sports and a great pub food menu, selection of pub games, such as pool, darts and live sports. It offers a selection of a pub classic menu and popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a community led hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and running the letting rooms to be able to create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
- Main trading area with bar
- 70 internal covers
- 40 external covers
- Large, open trading kitchen
- Smart Dispense
- 9 letting rooms
- Patioed beer garden to the front and rear
- Car park
Private Accommodation
The pub has no private accommodation.
Estimated Total Ingoing Costs
£47,951
Estimated Minimum Ingoing Costs
£13,739
Annual Rent
£34,268
Estimated Annual Turnover
£491,414
Deposit
£8,567
Estimated Fixtures & Fittings Value
£28,500
Estimated Stock Valuation
£7,384
Estimated Working Capital
£3,500
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.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Whitley Road, Shiremoor, Newcastle Upon Tyne, NE27 0DA
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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