Greasley Castle

Castle Street, Eastwood, Nottingham, Nottinghamshire, NG16 3GW

Gallery

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Pub overview

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.

Trade space
Bars 1
Dining rooms 1
Food covers 30
Gardens 1
Trade kitchens 1

The accommodation is currently laid out with two lounges and two bedrooms but this could easily be changed to a 3 bedroom layout.

Private space
Private Rooms 8
Lounge 2
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £26,000 per annum
Weekly rent £500.00 per week fixed
Notes

£26,000 per annum, £500.00 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 £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).

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £5,000 Working capital £3,000
Other costs £3,150 Total entry cost £18,800

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)
2016/17 277 430 936
2015/16 333 469 1,259
2014/15 348 504 1,386
Volume notes

Location

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.

Facilities

Trade bar
Dining area
Pub garden
Trade kitchen

Current premises licence opening hours

Monday - Saturday - 05:00hrs - 01:30hrs Sunday 05:00hrs - 00:30hrs

Contact Us

David McKie

Operations Manager

Call us today 01284 714 497

Apply online
“ A fantastic wet led community pub with the scope to increase trade. This would suit either a first time operator or an experienced community pub operator looking for a real 'heart of the community' pub. ”