Castle Street, Eastwood, Nottingham, Nottinghamshire, NG16 3GW
Great community pub recently refurbished externally.
A wet led and traditional pub at the heart of the local community with an unusual front entrance. The pub is wedge shaped, with a curved roof, which is very aesthetically pleasing! The Greasley Castle was formerly a Hardys & Hansons tied house with great community value registered on the 28th June 2016 and nominated by the Nottingham Branch of CAMRA.
The Greasley Castle is a compact one bar pub with access to a rear patio area. There is a small kitchen area suitable for the preparation of basic snack foods.
The accommodation is currently laid out with two lounges and two bedrooms but this could easily be changed to a 3 bedroom layout.
|Annual rent||£26,000 per annum|
|Weekly rent||£500.00 per week fixed|
£26,000 per annum, £500.00 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £18,800 which includes Fixtures and fittings (please note F&F is still to be valued), 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||£5,000||Working capital||£3,000|
|Other costs||£3,150||Total entry cost||£18,800|
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)|
Situated on the busy main road through Eastwood. Greasley is a civil parish north west of Nottingham in Nottinghamshire, England. Although it is thought there was once a village called Greasley, there is no settlement of that name today as it was destroyed by the Earl of Rutland so he could have a better view. The built up areas in the parish are Beauvale, Giltbrook, Moorgreen (often confused with Greasley), Newthorpe, Watnall and parts of Eastwood, Kimberley and Nuthall.