Bute Arms Rowlands Gill
High Spen, Rowlands Gill, NE39 2BXAgreement Type:
Foundation Tenancy
View details for Bute Arms Rowlands Gill
Red Kite Winlaton Mill
Red Kite Winlaton Mill
Spar Well Road, Winlaton Mill, Blaydon On Tyne, NE21 6RT Pub Code: 0070364101
Pub Code: 0070364101
Investment TenancyEst Min Ingoing Costs: £18,144
Annual Rent: £43,733
Exciting opportunity! This traditional pub, with its emphasis on quality food and drink, is set to become a favourite destination for diners, day visitors, and locals.
What would you do with this pub to make it a success?
The area
We're investing in a full refurbishment of The Red Kite, a pub in Winlaton Mill, Gateshead, ideally situated to attract both locals and visitors. This unique location backs onto a popular country walk and faces a busy main road, with little nearby competition. With a strong local population and easy access to a broader demographic, The Red Kite offers a promising opportunity for an experienced food-focused licensee or chef patron.
The offer
The Red Kite has the potential to become a destination food pub offering. a premium drinks selection, including cask ales, premium ales, lagers, an extensive wine list and Great coffee to entice customers throughout the day. With an entertainment package including, Acoustic music and local events, with a potential to host in the outdoor area.
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 Red Kite will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer and marketing strategy and can 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 pubs next chapter…
Trading Area & Facilities
The Red Kite will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- 90 internal covers
- 40 external covers
- Catering kitchen
- Smart Dispense
- Large Beer garden
- Car park with 17 spaces
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
Private accommodation consists of 3 bedrooms, a living room, kitchen, and bathroom
Estimated Total Ingoing Costs
£41,982
Estimated Minimum Ingoing Costs
£18,144
Annual Rent
£43,733
Estimated Annual Turnover
£703,427
Deposit
£10,933
Estimated Fixtures & Fittings Value
£16,549
Estimated Stock Valuation
£11,000
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:
Spar Well Road, Winlaton Mill, Blaydon On Tyne, NE21 6RT
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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
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www.starpubs.co.uk
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