North Terrace Newcastle

Claremont Rd, Newcastle Upon Tyne NE2 4AN

  • North Terrace Newcastle
  • North Terrace Newcastle
  • North Terrace Newcastle
  • North Terrace Newcastle
  • North Terrace Newcastle
  • North Terrace Newcastle

North Terrace Newcastle

Stunning Site, Superb Location

The North Terrace is located on the edge on Newcastle city centre and only a short walk to the famous St. James Park football ground, Newcastle University and the Royal Victoria Hospital. Situated in an affluent area of the city, this great venue is jointly supported by local residents and a strong student following.

Star Pubs & Bars recently invested heavily in the North Terrace and completed a spectacular make-over. The beautiful design comprises of natural and modern finishes that enhance the retained traditional features.

The pub is now a destination, casual dining outlet for the wider community. The sleek but inviting design compliments the food offer and craft beers. A calendar of sports and entertainment events is important due to the close proximity of the football ground and the large student population.

Driven & Passionate Entrepreneur Wanted

The ideal person for the pub will have previous experience of running pubs within the city centre, that have a strong sports following and contemporary food offer.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The North Terrace is a one bar set up with a large open plan trading area. Freshly stripped and re-varnished wooden floors and exposed brickwork are complimented by comfortable leathers & tartans. In addition to these attractive elements of design, the wood burner and feature ceiling creates an impressive environment to eat, drink and socialise in.

The recent refurbishment makes the pub appealing to all demographics and the open kitchen supports a casual dining menu, such as fresh pizza and craft beer, sharing platters and cocktails.

With excellent kerb appeal due to the external redecoration and fantastic lighting & signage scheme, The North Terrace enjoys a huge level of passing trade. The pub has on-street parking only available for guests.

Private Accommodation

The private accommodation consists of one bedroom, lounge, kitchen and bathroom 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
11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 12:00 - 22:30

Financials

Annual Rent £
40,000
Estimated Annual FMOP (Licensee Profit) £
42,641
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
436,526
Estimated Annual Barrelage
234

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 £
35,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
10,000
Rent In Advance £
769
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 £
53,954
Estimated Minimum Ingoing Costs £
14,851

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 £
1,236
Estimated Annual Maintenance Compliance Charge £
1,140
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