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Bute Arms Rowlands Gill

High Spen, Rowlands Gill, NE39 2BX

Pub Code: 2303321101

Key Features

  • Family Friendly
  • Car Parking
  • Cask Ales
  • Free of Tie on Wines & Spirits
  • Food Opportunity

Est Min Ingoing Costs: £10,207

Annual Rent: £31,060

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More Information

Recently Refurbished Pub

The pub is situated west of Newcastle city in the suburb of High Spen. Named after the local mine owner, this rustic venue is the only pub in the village which makes this a great business opportunity.

The Bute Arms was recently refurbished and is now a great socialising spot for the surrounding houses. The pub is known for its friendly atmosphere and with an opportunity to reignite food within the venue, it's a great addition to the village.

Enthusiastic Community Operator Wanted

Are you an innovative & vibrant operator, able to integrate into a welcoming community? If so, we would love to hear from you.

  • Foundation Tenancy

  • Car Park

  • Private Accommodation

Trading Area & Facilities

The Bute Arms has a contemporary decor and a fresh feel. The mix of rustic wood and modern furnishes lends itself to the welcoming atmosphere.

The current layout consists of an open-plan trading area served by one striking bar.

Externally the pub has strong kerb appeal and great signage.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 -
23:00
10:00 -
23:00
10:00 -
23:00
10:00 -
23:00
10:00 -
00:00
10:00 -
00:00
12:00 -
23:00

Annual Rent £
31,060
Estimated Tenants Annual Operating Profit £
33,060
Representative HEINEKEN UK Brand Discount Per Barrel £
140
Estimated Annual Turnover £
400,584
Estimated Annual Barrelage
212
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
23,815
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
7,765
Rent in Advance £
597
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
38,787
Estimated Minimum Ingoing Costs £
10,207
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,926
Estimated Annual Maintenance Compliance Charge £
0.00
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

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