Heartsease

180 Plumstead Road, Norwich, Norfolk, NR1 4JZ

Gallery

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Pub overview

Looking for a well known, community pub in a great location? Then the Heartsease in Norwich is the pub for you.

The Heartsease is very well known in Norwich and offers a dominating position on a main arterial route into the City. With a very popular supermarket as its neighbour and large car park, the heartsease has an abundance of potential. The pub also benefits from four large flat screen TV's showing all Sky Sports and BT sport events.

Recently redecorated, the heartsease offers a large trade area with a dedicated space for games, food and drink. There is also a large outside paved area and a small garden area.

Trade space
Bars 1
Car park spaces 15
Dining rooms 1
Food covers 46
Gardens 1
Trade kitchens 1
Patio areas 1

Good sized accommodation suitable for a family or multiple operator.

Private space
Private Rooms 7
Lounge 1
Single Bedrooms 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1

Rent information

Annual rent £42,000 per annum
Weekly rent £807.69 per week fixed
Notes

£42,000.00 per annum, £807.69 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 £37,120 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 £22,470 Working capital £4,000
Other costs £3,000 Total entry cost £37,120

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)
2016/17 291 1,360 5,453
2015/16 278 1,218 4,766
2014/15 278 1,386 6,357
Volume notes

Location

Situated in Thorpe St Andrew, the Heartsease location couldn't be better. With a prominent position on a main arterial route into the City, a supermarket as its neighbour and a busy roundabout opposite the pub. Passing trade and opportunity to attract custom doesn't come much better than this. Thorpe St Andrew is a small suburb of Norwich and is situated in close proximity to the A47 and surrounding retail parks.

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday - Thursday - 09:00hrs - 01:00hrs Friday - Saturday -09:00hrs - 01:30hrs Sunday 09:00hrs - 01:00hrs

Contact Us

Lee Jarvis

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ The Heartsease is a well known community pub in the suburbs of Norwich city centre. Having a prominent position on the road with a busy supermarket next door, passing trade is guaranteed. ”