Addington Drive, Wallsend, Tyne and Wear, NE28 9UR
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.
|Car park spaces||40|
|Child play areas||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.
|Annual rent||£26,000 per annum plus 7.0% Turnover Royalty|
£26,000 per annum, £500 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
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.
|Fixtures & fittings||£0||Working capital||£2,000|
|Other costs||£9,150||Total entry cost||£18,800|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
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.