Bridge Durham

Apply for this Pub

Refurbishment Planned

Click to open the 3D Walkthrough

Bridge Durham

40, North Road, Durham, DH1 4PW Pub Code: 0070047101

Pub Code: 0070047101

Investment Tenancy

Est. Annual Turnover: £653,353

Annual Rent: £55,369

Apply for this Pub

A refurbishment is planned to invest in the region of £226,000 to transform The Bridge into a refreshed town centre pub with a stronger food offer, letting rooms and wider appeal across Durham. What would you do with this pub to make it a success?

About the area

The Bridge is located on the affluent edge of Durham town centre, directly opposite the main road and pedestrian exit to Durham station. This gives the pub excellent visibility and access to passing trade, visitors, commuters, students and local residents.

There are 7,659 adults within a 10-minute walk and 18,413 adults within a 20-minute walk of the pub. The existing customer base is loyal but more mature, with limited younger custom. The refurbishment gives the pub the opportunity to broaden its appeal, attracting families, casual diners, younger professionals, after-work socialisers, students, weekend visitors and more destination visits.

The pub sits in a busy town centre hospitality scene, with numerous competitors nearby including craft and cask-led venues as well as town centre chain pubs. The investment will help reposition The Bridge with a more modern, appealing offer that can compete strongly in the local market.

The offer

The Bridge is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the ‘Refurbishment Details’ section for details of the investment being made.

Who we're looking for

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for The Bridge will have extensive experience in food-led hospitality businesses, with letting accommodation experience also beneficial. They will have a clear vision for the food and drink menu, daytime trade, student and visitor appeal, and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…

Investment Tenancy
Cask Ale
Catering Kitchen
Letting Rooms
Private Accommodation
Refurbishment Planned

Trading Area & Facilities

The refurbishment of The Bridge will cover the pub’s trading areas and facilities. A full list of works and pub floor plan can be found in the Downloads section.

The pub's trading area and facilities post refurbishment will be:

Main trading area with bar
118 internal covers
8 external covers
Large 300 sq ft catering kitchen with walk-in chiller
HEINEKEN SmartDispense
Private accommodation with one bedsit/flat
Five letting rooms

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

The private accommodation consists of a one bedroom flat.

With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.

Indicative entry costs

£47,342

Annual

Estimated Annual Turnover

£653,353

Annual Rent

£55,369

Entry Costs

Deposit

£13,842

Estimated Fixtures & Fittings Value

£20,000

Stock Valuation

£10,000

Working Capital Required

£3,500

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Refurbished Private Accommodation

What we're planning & why

The planned £226,000 refurbishment will transform The Bridge into a more appealing town centre pub with a strong food offer, improved private accommodation and five letting rooms. The project will support the pub in attracting a broader customer base, from families and casual diners to younger professionals, students, after-work socialisers and weekend visitors.

What's happening?

The refurbishment will help reposition The Bridge so it can better meet the expectations of the Durham town centre market. The pub already benefits from a substantial trading space with 118 internal covers, a large well-equipped catering kitchen and five letting rooms, giving it several strong income opportunities.

The kitchen is a key asset, with a large 300 sq ft space and walk-in chiller. This creates the opportunity to develop a strong food offer that can appeal to families, casual diners, visitors and those looking for a quality town centre pub experience.

The pub will also benefit from HEINEKEN SmartDispense, helping to support a consistent drinks offer. With the pub’s location opposite Durham station, there is a clear opportunity to grow walk-in trade, after-work visits, student occasions and weekend destination visits.

Why invest?

This investment will give The Bridge the platform to compete more effectively in a busy Durham town centre hospitality market. With its station-facing location, strong internal capacity, food capability and letting rooms, the refurbishment is expected to help broaden the pub’s appeal and increase trade.

Turnover is expected to increase to £653,000.

To explore some of our recent successful pub investment projects, please see our Investment Showcase page.

Location:

40, North Road, Durham, DH1 4PW

[]

Blue map location pin Selected pub

Dark blue map location pin Other pubs

See how we've done this before

Investment Showcase

View Case Studies

Pub Vacancy Alerts

Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.

Want to know more?

To download our no nonsense guide to running your own pub click below.

Download

Bridge Durham