Suitable For First Time Operator

Jolly Bowman

Addington Drive, Wallsend, Tyne and Wear, NE28 9UR

Gallery

(Click to enlarge)

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Pub overview

This pub is in a great location for both locals and passers-by alike, with a large open plan trading area catering for both food and drink offerings. With local transport links in and out of the city and a large retail complex nearby there is a great opportunity here.

A popular pub for team games, quizzes whilst also providing live entertainment at the weekend. In 2014 the pub underwent a thorough refurbishment and is still in very good condition.

Open plan single bar operation. Segmented areas enable drinking and dinning to run side by side. Large trade space allowing for the many customers to sit comfortably on busy nights. With a very large TV wall and pool table area this pub makes the most of all sporting events.

Trade space
Bars 1
Car park spaces 40
Child play areas 1
Dining rooms 1
Food covers 80
Gardens 2
Trade kitchens 1

The accommodation is above the pub. It's serviced by the rear door which also leads into the trade area so there is no need to go through the pub to get to the accommodation and separate exit and entry means family members can come and go without disruption.

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

Rent information

Annual rent £26,000 per annum plus 7.0% Turnover Royalty
Notes

£26,000 per annum, £500 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 legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Fixtures and Fittings to be valued.

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £0 Working capital £2,000
Other costs £9,150 Total entry cost £18,800

Agreement description

Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.

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)
2016/17 412 1,883 7,208
2015/16 418 2,076 6,302
2014/15 478 2,328 4,288
Volume notes

Location

Situated in a prominent spot and the main roundabout in and out of Battle Hill, Wallsend a town located approximately 3 miles from Newcastle City Centre.

Facilities

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

Current premises licence opening hours

Monday to Sunday- 9.00am- 00.30am

Contact Us

Andy Wearn

Business Development Manager

Call us today 01284 714 497

Apply online
“ This is a great, well established community pub that needs "that somebody" to re-introduce food and embrace the existing drink trade whilst taking it to the next level. ”