Investment Opportunity

Sandpiper

Easby Road, Washington, Tyne and Wear, NE38 7NN

Pub overview

Are you the person to take this pub to the next level through transformational investment?

Great size pub located in Biddick, a small village within Washington - the potential is endless here......

Major refurbishment planned - TBC

Trade space
Bars 1
Car park spaces 20
Dining rooms 1
Food covers 80
Trade kitchens 1
Patio areas 1

The accommodation is located under the pub, to the rear and comprises of 3 adequately sized bedrooms, large living room and spacious kitchen/dining area.

Private space
Private Rooms 9
Lounge 1
Single Bedrooms 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £24,000 per annum plus 7% Turnover Royalty
Notes

£24,000 per annum, £461.54 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. £27,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel, cleaning materials, legal, brokers and stocktaking fees, training fees, Schedule of Condition, working capital and deposit. Stock, Fixtures & Fittings and deposit amount to be valued.

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £13,000 Working capital £2,000
Other costs £1,150 Total entry cost £23,800

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.

Information on Turnover Agreement:
https://www.greenekingpubs.co.uk/sites/default/files/turnover%20agreemen...

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)
2016/17 113 50 696
2015/16 178 78 3,108
2014/15 248 88 4,454
Volume notes

Location

Washington is a town in the City of Sunderland, Tyne and Wear and part of historic County Durham. Washington is located geographically at an equal distance from the centres of Newcastle, Durham and Sunderland, hence it has close ties to all three cities.

Facilities

Trade bar
Car park
Dining area
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday - Monday 10:00hrs to 00:00hrs

Contact Us

Andy Wearn

Business Development Manager

Call us today 01284 714 497

Apply online
“ This is a huge investment opportunity which needs to be explored. The perfect candidate will be an experienced operator with a desire for food and to grow the already established drink offer, which is essential here. ”