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REFURBISHMENT PLANNED

Raby Hotel

Shields Road, Byker, Newcastle Upon Tyne, Tyne and Wear, NE6 1DU

Ingoing Cost: £3,000
Annual Rent: £18,000

Features
Trading style
Key financials

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Function Room

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No Private Accomodation

Property details

The Raby Hotel is situated on the busy Shields Road area of Byker. The area is the main high street for the local people for shopping for their daily provisions. The area is very busy during the day with a variety of retail attracting locals for varying needs. The area is popular for people who work in the City centre (2 miles away). Residing in the Byker area and either using the bus or metro networks into the City.

The pub is a prominent corner plot. It is a long-standing and established public house in this area. The pub is one L Shape open plan room downstairs with one large bar servery. Upstairs is a disused function room with toilet facilities and a bar. It has not been used to any standard for 3 to 4 years, but could be brought back into use with a small investment.

This business operates as a lock-up, as there is no accommodation.

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Team Games

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Pool Area

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Live Entertainment

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Live Sports

Trading style

The current tenant has operated the venue for over 8 years, so there is a stable trade to build on. The landlords have prepared an exciting external decoration scheme as well as a full refurbishment of the toilets. Additionally the trading areas warrant some attention and this can form the basis for discussion negotiation for taking an agreement on the pub. All in all the Raby Public House is a long standing Byker institution waiting for its next custodian.

Key financials

Reference Number: 9FJDJ2 / 4207
Agreement Type: Lease / Tenancy

Min Ingoing Cost: £3,000.00
Annual Rent: £18,000.00

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.

Rent £18,000 – Post Investment
Bond £3,000
Tie – Free of tie of Packaged, Wines, Spirits, and Minerals
Discount @ £200.00 per barrel
Utility broker / Accountancy advice available, especially for new operators.

ONLY TIED ON DRAUGHT PRODUCTS

A barrelage discount scheme
Only tied on draught products
You will have the right to assign your pub lease after 12 months (3 or 10-year agreements)
The rent will be in line with the company's code of practice
Amusement with prize machine and pool table income are shared on a 50/50 basis
Individual modular training courses on improving your pub business
Regular business support through experienced Business Development Managers
Marketing and Promotions assistance available
The lease agreements offer a contractual cooling-off period to ensure the business is right for you

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MISREPRESENTATION ACT 1967

FindMyPub.com gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.

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