Beer Garden
External Drinking Area
Restaurant/Dining
Waterside
Coastal
Property details
Due for refurbishment, the Harbour Lights is located in the large seaside town of South Shields. The pub is situated just off Ocean Road, which is well known for the selection of curry restaurants it offers, and beside the water affording it fantastic sea views. It is already popular with both locals and tourists, but given its close proximity to a large caravan site and varied entertainment venues at the seafront, as well as the town centre being nearby, there is an excellent opportunity to capitalise on the extensive passing trade.
Once the planned works are complete, the Harbour Lights will showcase a refreshed, contemporary interior decor complete with new or revamped fixtures and fittings and soft finishes throughout. Currently, the layout consists of the main bar area as you enter, with a snug area to the left, both of which are used for both eating and drinking. There is a conservatory to the back, which is predominately used for dining.
Externally the pub has an eye-catching facade with large black painted window frames and gold signage and as part of the refurbishment plans the outside will undergo a facelift to maximise kerb appeal through new lighting and signage scheme.
To the rear of the pub is an enclosed beer garden with picnic benches, which adds to the pub's appeal, especially in the warm summer months.
The private accommodation upstairs consists of two bedrooms, a kitchen, a bathroom, and a lounge. Where required, there will be appropriate works carried out in line with the landlord's ready-to-trade promise.
Cask Ale
Catering Kitchen
Live Sports
Experienced Operator
Trading style
Post refurbishment by the landlords, the pub will have a fantastic new look and this combined with the development of the food offer, potentially with a seafood influence, and a complimentary drink offer, including more premium beer and spirit options, will build the pub's appeal and make it a go-to spot for a drink or a bite to eat in a lovely location.
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 Harbour Lights will have extensive experience in a similar hospitality business. They will have a clear vision for their food and drinks menu 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 the landlords what you can bring to this pub’s next chapter.
Key financials
-
Reference Number:
8M9JTW / 2302808101
-
Agreement Type:
Tenancy
-
Min Ingoing Cost:
£10,523.00
-
Annual Rent:
£24,272.00
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 £24,272
Estimated Annual Turnover £398,986
Deposit £6,068
Estimated Fixtures & Fittings Value £17,655
Estimated Stock Valuation £5,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £32,223
Estimated Minimum Ingoing Costs £10,523
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.