Front Street, Great Lumley, Chester-Le-Street, Durham, DH3 4JB
The Old England is a busy wet led, community sports pub with a strong local following. A Traditional and popular pub which is perfect for an operator who can develop a menu and get involved in the local community.
The Old England has a bright restaurant area which is ideal for someone who would like to develop the food menu.
As a friendly local pub you can expect people of the community to come and enjoy quiz nights, entertainment and pub games on a regular basis.
The pub consists of one main bar and separate lounge area. There are big screens in the bar area as live sports are a strong feature of the pub. The lounge area is used for dining and provides up to 80 covers.There is a grassed area to the front of the pub where external drinking / dining can take place.
|Car park spaces||30|
The private accommodation consists of 3 bedrooms, a lounge, kitchen and bathroom.
|Annual rent||£28,650 per annum|
|Weekly rent||£550.96 per week fixed|
£28,650.00 per annum, £550.96 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 £9,675.00 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). *Fixtures & Fittings and Other Costs still to be valued.*
|Fixtures & fittings||TBC||Working capital||£2,000|
|Other costs||TBC||Total entry cost||£9,675|
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)|
Great Lumley is a village in County Durham. It is situated south east of Chester-le-Street, near Lumley Castle.