Duke of Wellington

18 High Bridge, Newcastle-Upon-Tyne, Tyne and Wear, NE1 1EN

Gallery

(Click to enlarge)

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Pub overview

It’s rare that a pub like this comes onto the market. By putting its customers first, the Duke of Wellington has established a reputation as a proper beer bar and ale house.

Situated on the corner of a cobbled street, at the heart of Newcastle’s real ale street, this business is everything you would expect from a traditional city centre pub. Known for selling great beer, the business always has a large selection available and has been Cask Marque accredited too.

The Wellington has several large flat screen TVs showing Sky Sports and BT Sport and also offers entertainment at weekends in the form of live music or karaoke discos.

The pub’s food facilities are extremely limited but could include an off-the-shelf food solution like Barrel & Stone pizzas offered by Greene King. This is a simple business to run and would suit a single operator or someone less experienced.

The Duke of Wellington is a modern take on a traditional pub, it is in keeping with the traditional street in which it sits, but has been updated to create a retail space that is easy to manage. Being city-centre pub, there is no car park, although there are 4 metered spaces opposite that could be useful.

Trade space
Bars 1

This pub does not have private accommodation.

Private space

Rent information

Annual rent £39,000 per annum
Weekly rent £750.00 per week fixed
Notes

£39,000 per annum, £750 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £20,615 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £6,615 Working capital £2,000
Other costs £4,350 Total entry cost £20,615

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2017/18 306 1,119 3,643
2016/17 259 443 2,968
2015/16 221 402 2,301
Volume notes

Location

The pub occupies a corner site within a traditional cobbled street in the city’s shopping area. This area has gained a reputation for selling great ales and customers visit specifically for the beer.

Facilities

Trade bar

Current premises licence opening hours

Monday - Sunday - 10:00hrs - 01:30hrs

Contact Us

Andy Wearn

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ This is a great little pub in an excellent condition and would suit a single operator who’s also a keen beer enthusiast. ”