Beer Garden
External Drinking Area
Property details
The Fleet Street is in the heart of Newcastle City Centre, sitting centrally on Pudding Chare, a narrow winding lane (or chare), running from the Bigg Market to Neville Street in central Newcastle. As the pub sits in the city centre, there is a lot of competition for customers' spend; there are several circuit bars in the Bigg Market and Neville Street but with an emerging craft scene within the city, there is an opportunity to grab and lead this trend.
A fabulous refurbishment will transform the Fleet Street into a premium drinks-led, city centre pub that is full of style. Inside, the pub will be redecorated throughout the whole ground floor with other upgrades throughout the pub such as a full refurbishment of the male and female toilets on the first floor. These improvements will give the pub an all-new, craft-led appeal.
Outside, the landlords will be upgrading the pub with a redecoration and beautiful new signage that will appeal to a wider range of consumers with its new look and feel.
The private accommodation details are to be confirmed.
Cask Ale
Live Entertainment
Trading style
The landlords believe that this refurbishment will set The Fleet Street above the local competition with its stylish décor and 22 different craft beers. With 92 covers, it will be the bar of choice for the after-work drinkers mid-week and will also attract a great mature weekend consumer looking for a relaxed, safe, and premium outlet to enjoy themselves into the early hours. The look and feel are different from anything in the immediate vicinity and the range of draught lagers and craft products will also make a great point of difference in the immediate vicinity. Afternoon customers will enjoy the vibrant surroundings with coffee on offer leading into entertainment such as live music and themed nights during the week.
Key financials
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Reference Number:
8M9JTW / 0070441101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£50,155.00
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Annual Rent:
£43,654.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £43,654
Estimated Annual Turnover £524,992
Deposit £10,914
Estimated Fixtures & Fittings Value £27,870
Estimated Stock Valuation £7,871
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £50,155
Estimated Minimum Ingoing Costs £50,155
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.