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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 Houghton le Spring near Penshaw and benefits from being close to well-known local landmarks, including Penshaw Monument, Herrington Country Park, and Hetton Lyons Park. The area is experiencing an increasing number of new homes being built, which supports future growth in local demand. The pub benefits from being one of a number of pubs serving an area with 1,297 adults within a 10-minute walk and 5,396 adults within a 20-minute walk. The customer base is made up primarily of adults aged 35+, with lower affluence over-indexing in the area.
A full internal refurbishment is planned, including all rooms and toilets, alongside the redevelopment of the catering kitchen. Externally, new signage and redecoration of the front and left elevations will help improve kerb appeal and visibility. This investment is designed to help attract and retain both residents and visitors, supporting a strong rhythm of the week with a credible food offer.
The pub’s trading areas and facilities post-refurbishment will include:
- Main trading area with bar
- Catering kitchen
- 79 internal covers
- 28 external covers
- Heineken SmartDispense
The private accommodation consists of 2 bedrooms, along with additional domestic facilities.
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Catering Kitchen
Trading style
The Grey Horse offers a great opportunity for someone who wants to take on a well-backed, newly refurbished community pub with a strong food offer and clear potential to attract both locals and visitors.
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
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Reference Number:
8M9JTW / 2302369101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£41,766.00
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Annual Rent:
£32,500.00
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 Rent £32,500
Estimated Annual Turnover £498,520
Deposit £8,125
Estimated Fixtures & Fittings Value £25,500
Estimated Stock Valuation £4,641
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £41,766
Estimated Minimum Ingoing Costs £41,766
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.