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SAVE 25% ON RENT

Grey Horse

Old Penshaw, Houghton-le-Spring, Tyne and Wear, DH4 7ER

Ingoing Cost: £11,292
Annual Rent: £21,512

Features
Trading style
Key financials

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Beer Garden

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External Drinking Area

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Car Park

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Restaurant/Dining

Property details

The Grey Horse is located in Penshaw Village, surrounded by mixed housing and close proximity to Washington, Houghton-le-Spring, and local amenities. The pub benefits from being the only pub found in an area of around 4,000 adults. The customer base is made up of the elderly, families, and mature workers.

Trading Area & Facilities:

Main trading area with bar
Separate dining room
Catering kitchen
SmartDispense
Outdoor trade
Car park

The private accommodation details are to be confirmed.

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Catering Kitchen

Trading style

The site currently has the ability to drive trade via live entertainment and live sports. 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 sports 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 / 2302369101
Agreement Type: Tenancy

Min Ingoing Cost: £11,292.00
Annual Rent: £21,512.00

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

Please be aware that energy performance certificates are available from the landlord.

* A 25% rent reduction will be applied to the first 12 months following completion of a fully signed lease agreement (5 years in England & Wales, 3 years in Scotland) on selected properties only. No cash alternative is payable.

1st Year Rent Offer: £16,134

Annual Rent £21,512
Estimated Annual Turnover £339,519
Deposit £5,378
Estimated Fixtures & Fittings Value £9,685
Estimated Stock Valuation £6,000
Estimated Working Capital £3,500

Estimated Total Ingoing Costs £24,563
Estimated Minimum Ingoing Costs £11,292

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.

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MISREPRESENTATION ACT 1967

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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.