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TOWN CENTRE SITE

North Terrace

Claremont Road, Newcastle upon Tyne, Tyne and Wear, NE2 4AN

Ingoing Cost: £13,942
Annual Rent: £29,300

Features
Trading style
Key financials

FindMyPub.com
Function Room

FindMyPub.com
Restaurant/Dining

Property details

The North Terrace is located in the town of Newcastle, and it sits on Claremont Road, just slightly outside the main city centre. The pub is right next to the university campus, near hospitals, and within walking distance to the city centre of Newcastle, and not far from St James Park. The pub benefits from being one of 4 pubs found in an area of around 5,125 adults. The North Terrace customer base is made up of young adults.

Trading Area & Facilities:

Main trading area with bar
Separate dining room
70 internal covers
Catering kitchen
Function room with bar
SmartDispense

The private accommodation consists of 1 bedroom, a living room, a kitchen, and a bathroom.

FindMyPub.com
Catering Kitchen

FindMyPub.com
Experienced Operator

Trading style

The site currently has the ability to drive trade via private function hire, live sports, and live entertainment. It offers a selection of popular beers, ciders, wines, and spirits.

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

Reference Number: 8M9JTW / 0070154101
Agreement Type: Tenancy

Min Ingoing Cost: £13,942.00
Annual Rent: £29,300.00

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Please note that the Energy Performance Certificate is available from the landlord.

Annual:

Estimated Annual Turnover £416,723
Annual Rent £29,300

Entry Costs:

Deposit** Deposit build up from 1 month rent £7,325**
Estimated Fixtures & Fittings Value** Rented fixtures & fittings deal available £17,975**
Stock Valuation £8,000
Working Capital Required £3,500

Indicative entry costs range from** £13,942 - £36,800

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.

Thinking of Running a Pub? – Explore the different ways to enter the trade and find the right path for you. Explore

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MISREPRESENTATION ACT 1967

FindMyPub.com gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.

The information and images displayed about this property comprises a property advertisement. FindMyPub.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and FindMyPub.com has no control over the content.