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VILLAGE LOCAL

Newcastle House New

Main Street, Rothbury, Northumberland, NE65 7UT

Ingoing Cost: £16,762
Annual Rent: £39,145

Features
Trading style
Key financials

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External Drinking Area

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Function Room

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Letting Rooms

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Restaurant/Dining

Property details

The Newcastle Hotel occupies a prominent central position on Front Street in the village of Rothbury, Northumberland. The property is situated within the established village centre, close to High Street and Market Place. The pub is surrounded by shops, food and retail outlets, and mixed housing. The pub benefits from being one of 7 pubs found in an area of around 1,998 adults. The Newcastle Hotel customer base is made up of mature and midlife adults.

Trading Area & Facilities:

Main trading area with bar
Upstairs Function Room
70 covers including the restaurant and both bars
30 external covers subject to obtaining a pavement licence.
Catering kitchen
Letting Rooms
Two bar operation
HEINEKEN SmartDispense

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Cask Ale

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Catering Kitchen

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Experienced Operator

Trading style

The potential of this pub lies in maintaining a food & drinks offer. The site currently has the ability to drive trade via a selection of coffees, cask ales, 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 destination food outlet hospitality business. They will have a clear vision for their marketing strategy, food & drinks menu, and entertainment offer, and can create a memorable experience for their customers.

Key financials

Reference Number: 8M9JTW / 2303082101
Agreement Type: Tenancy

Min Ingoing Cost: £16,762.00
Annual Rent: £39,145.00

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:

Estimated Annual Turnover £668,673
Annual Rent £39,145

Entry Costs:

Deposit** Deposit build-up from 1 month's rent £9,786**
Estimated Fixtures & Fittings Value** Rented fixtures & fittings deal available £20,000**
Stock Valuation £10,000
Working Capital Required £3,500

Indicative entry costs range from** £16,762 - £43,286

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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