Duke of Wellington
18 High Bridge, Newcastle-Upon-Tyne, Tyne and Wear, NE1 1EN
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.
This pub does not have private accommodation.
|Annual rent||£39,000 per annum|
|Weekly rent||£750.00 per week fixed|
£39,000 per annum, £750 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
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).
|Fixtures & fittings||£6,615||Working capital||£2,000|
|Other costs||£4,350||Total entry cost||£20,615|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
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.