Newcastle Arms Old Basford

282 Nuthall Road, Old Basford, Nottingham NG6 0HY

  • Newcastle Arms Old Basford
  • Newcastle Arms Old Basford
  • Newcastle Arms Old Basford
  • Newcastle Arms Old Basford
  • Newcastle Arms Old Basford
  • Newcastle Arms Old Basford
  • Newcastle Arms Old Basford
  • Newcastle Arms Old Basford
  • Newcastle Arms Old Basford

Newcastle Arms Old Basford

Distinct Redbrick Local Pub

The Newcastle Arms is situated in Old Basford. The pub lies on the corner of the busy Nuthall Road and Basford Road and is on multiple public transport routes. The surrounding area is also densely populated and is made up of a mixture of residential housing. Well supported by the local community, the pub benefits from a great catchment area which presents the operator with the opportunity to build a loyal and profitable customer base.

The Newcastle Arms currently has a purely drinks based offer, however, with a small catering facility there is an opportunity to add a simplistic food or snacks menu.

Innovative Operator Wanted

Are you a passionate and innovative individual? This pub would suit an experienced community operator who has the ability and enthusiasm to further develop the trade and build on this already successful business.

Pub Features

  • Business Start-Up Agreement
  • Music Venue
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The main trading area is a large open plan room on split levels, with sporting features such as a pool table, darts board and game machines as well as big screen TV. The second room at the rear is marginally smaller and can hold around 80 customers.

Externally, the Newcastle Arms has great kerb appeal. It has ample car parking space with further parking available in the adjacent streets. There is an outdoor seating area to the rear of the pub with space for approximately 5 benches.

Private Accommodation

The private accommodation consists of 3 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 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 12:00 - 23:30

Financials

Annual Rent £
19,750
Estimated Annual FMOP (Licensee Profit) £
24,175
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
273,263
Estimated Annual Barrelage
270

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
2,200
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,500
Deposit Amount £
4,938
Rent In Advance £
380
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
16,503
Estimated Minimum Ingoing Costs £
11,331

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
0
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
Wet & Dry - from 6,108pa

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased