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Beer Garden
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External Drinking Area
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Function Room
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Car Park
Property details
The Hearts of Oak site is situated in the middle of a well-spaced out 1950s housing estate approximately ½ mile to the south-west of Peterlee town centre. The building is a part two-storey and part single-storey building with a pool area and lots of space for zoned drinking and eating areas. It is adjacent to a McColls convenience store and sub-post office and the property backs onto a large expanse of playing fields.
This community pub’s prime location within an estate means that not only is there a huge amount of trade on tap, but it’s also a key part of the social and sporting life of Peterlee. Located in the heart of the community the Hearts of Oak's offer needs to revolve around community activities - whether that's supporting local teams and clubs, family fun days, or raising money for a local charity.
The pub has a front bar, used mainly for daytime drinking and pub games. The large rear room is sports based but also doubles as a popular local function room. The pub also has a small kitchen.
To the front of the pub, there is a large enclosed garden and car park for c.50 cars to the side.
This private accommodation is spacious and consists of two bedrooms, a living room, a kitchen, and a bathroom.
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Catering Kitchen
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Team Games
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Pool Area
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Live Entertainment
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Live Sports
Trading style
The Hearts of Oak is very much a community local, busy early doors with workers having a couple of pints and then with couples/families and teams in the evening and at weekends. It benefits from comprehensive entertainment and a live sports schedule too. There is a food offer to be developed but primarily can cater for functions as required.
The pub is the perfect example of a real ‘hub of the community style operation, from having a drink with friends in the bar to watching live artists or a big match, it really is a REAL community pub ensuring every individual living nearby has a reason to visit. The pub company wants all existing and potential customers to feel part of what is a busy, thriving gem of the community and to enjoy the pub for all occasions.
A community-focused operator is needed for this popular pub. Experience is not necessary but advantageous. The site will need a community-minded operator with an interest in sports as these are key to the continuing success of this pub. A lively calendar of events will ensure that there is always something happening to draw customers to the pub. The new operator will need to have good marketing capabilities to make sure that the messages about events and offers are widely publicised in the local area.
Key financials
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Reference Number:
6M23WN / ROT-SR8
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Agreement Type:
TAW / Tenancy
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Min Ingoing Cost:
£3,000.00
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Annual Rent:
£15,000.00
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.
Rent free and stepped rental support is available.
Length of Tenure: TAW on entry then 5-Year Tenancy
Agreement type: PART TIED - FOT Wines, Spirits & Non-Postmix Minerals.
Rent: £15,000
Ingoings: £3,000 security deposit plus working capital.