Metro Bar New

Albert Street, Derby, Derbyshire, DE1 2DS

Ingoing Cost: £16,500
Annual Rent: £22,000

Features
Trading style
Key financials

Property details

The Metro Bar is a well‑established late‑night music venue located in Derby’s vibrant Cathedral Quarter, a popular area surrounded by other licensed venues, independent shops, and offices. Derby is a mid‑sized city with a diverse and mixed demographic, and the bar sits at the heart of one of the city’s more upmarket and lively quarters. Its central location benefits from strong footfall and excellent transport links, with numerous bus routes nearby and Derby train station just a 15–20 minute walk away, making the pub easily accessible for both local customers and visitors alike.

The Bar is a highly visible and contemporary venue with a striking glass frontage that gives it a strong presence and natural light. Internally, the bar is laid out in an open‑plan design, centred around a dedicated dance floor, with a mix of booth and loose seating that supports both socialising and late‑night trade. A single bar servery positioned to the right‑hand side provides clear operational oversight, while wooden flooring throughout adds to the venue’s clean, modern feel. Toilets are neatly positioned to the rear, and the inclusion of gaming machines within the bar area adds an additional revenue stream. Overall, the layout and appearance offer a practical, flexible space well suited to a busy music‑led venue.

The private accommodation consists of three bedrooms, a lounge, a bathroom and a kitchen.

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Live Entertainment

Trading style

The Metro is a wet‑led venue that currently trades part of the week, with Friday and Saturday nights being the focus. This presents a clear opportunity to broaden the retail offer and extend trading across additional days and occasions. The bar benefits from an extensive drinks range, largely positioned at accessible, value‑led price points, which has strong appeal to its existing customer base. There is significant scope to further enhance the offer by introducing premium products, creating opportunities to drive increased spend while diversifying the pub’s overall appeal.

The Bar presents a strong opportunity for a licensee with experience in city centre licensed venues. There is clear potential to build on the existing trade and reposition the bar as a standout destination within the city, driven by confident leadership, strong social media presence, and further enhancement of the current retail offer to grow the daytime trade, as well as keeping the bar busy in the evenings with the 1 am licence.

Key financials

Reference Number: IU3WDL / P03250
Agreement Type: Tenancy

Min Ingoing Cost: £16,500.00
Annual Rent: £22,000.00

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.

Annual Rent: £22,000
Security Deposit: £5,500
Working Capital: £6,000
Stock: £5,000

Tie: All drink categories are tied. For fully funded licensees on long-term agreements, the landlords offer free-of-tie options for certain drinks categories in exchange for an annual fee.

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