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COMMUNITY SITE

Gosforth Hotel New

High Street, Newcastle-upon-Tyne, Tyne and Wear, NE3 1HQ

Ingoing Cost: £16,500
Annual Rent: £66,000

Features
Trading style
Key financials

Property details

New to the Market - Pub Opportunity in Tyne and Wear!

The Gosforth Hotel is an established community pub in the popular Gosforth area of Newcastle upon Tyne. The pub offers an opportunity for an ambitious tenancy operator to build on its existing local following and develop it into a successful, well-run neighbourhood business.

With its established identity and strong residential catchment, the Gosforth Hotel has the potential to appeal to a broad customer base, from regular locals and social groups to families and visitors looking for a welcoming pub environment.

The opportunity would suit an operator who enjoys being at the heart of the community and who can bring energy, personality and a clear commercial focus to the business.

Internally it features a decor and layout of a modern but traditional vibe with an open plan layout and two trading areas. It provides great warmth which carries on from the pubs fantastic kerb appeal.

Private Accommodation

Private accomodation on site is in good condition.

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Cask Ale

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Catering Kitchen

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Team Games

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Live Entertainment

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Live Sports

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Experienced Operator

Trading style

The ideal operator for the Gosforth Hotel would be a hands-on, community-focused individual or couple who understands what makes a successful local pub.

They should be confident behind the bar, enjoy meeting customers and be capable of creating a warm and welcoming atmosphere. Previous pub or hospitality experience would be advantageous, but equally important would be enthusiasm, commercial awareness and a genuine desire to become part of the local community.

The successful operator should be prepared to actively market the pub, build relationships with local customers and businesses, and create reasons for people to visit regularly.

Someone with ideas around events, entertainment, food, sports and community activities could particularly suit the opportunity. The key is an operator who will take ownership of the pub's identity and work consistently to develop its customer base and reputation.

Key financials

Reference Number: FH4FW1 / 179426
Agreement Type: Tenancy

Min Ingoing Cost: £16,500.00
Annual Rent: £66,000.00

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.

Business Details

Forecast Turnover:	£1,299,339 pa
Forecast Wet Turnover:	£1,102,611
Forecast Dry Turnover:	£196,728
Guide Rent Annual:	£66,000
Turnover Rent Annual:	£19,599
Turnover Rent (%): Instead of a fixed monthly rent, you'll pay a base rent (guide rent demonstrated above) plus a percentage of your net turnover (the percentage is demonstrated above).	2 %

Financial Details

Full Deposit:	£16,500
Repair Fund:	£77 pw
Fixtures / Fittings:	£168 pw

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