Function Room
Property details
The North Terrace is located in the town of Newcastle, close to St James Stadium, Central Station, and the Royal Victoria Infirmary Hospital. The pub is surrounded by residential housing. The pub benefits from being one of two pubs found in an area of around 3,000 adults. The customer base is made up of students, homeowners, and sharers.
Internally there is a main trading area with a bar, smartdispense, catering kitchen a separate dining room a function room with its own bar, and 70 internal covers.
The private accommodation consists of one bedroom a living room, a kitchen and a bathroom. Where required there will be appropriate works carried out in line with the landlords' ready to trade promise.
Cask Ale
Catering Kitchen
Live Entertainment
Live Sports
Experienced Operator
Trading style
The site currently can drive trade via live sports, live entertainment, and private function hire. It offers a selection of popular beers, ciders, wines, and spirits and a pub classic menu.
If you’ve benefited from running or owning a pub business, the landlords would love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food and drinks menu, marketing strategy, and entertainment offer 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 the landlords what you can bring to this pub’s next chapter.
Key financials
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Reference Number:
8M9JTW / 0070154101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£12,938.00
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Annual Rent:
£29,252.00
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 £29,252
Estimated Annual Turnover £479,239
Deposit £7,313
Estimated Fixtures & Fittings Value £17,975
Estimated Stock Valuation £7,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £35,788
Estimated Minimum Ingoing Costs £12,938
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.