Hastings Arms Seaton Delaval
Wheatridge Row, Seaton Delaval, Whitley Bay, NE25 0QHAgreement Type:
Foundation Tenancy
View details for Hastings Arms Seaton Delaval
North Terrace Newcastle
North Terrace Newcastle
Claremont Rd, Newcastle Upon Tyne, NE2 4AN Pub Code: 0070154101
Pub Code: 0070154101
Foundation TenancyEst. Annual Turnover: £416,723
Annual Rent: £29,300
The area
The North Terrace is located in the town of Newcastle, it sits on Claremont Road, just slightly outside the main city centre. The pub is right next to the university campus, near hospitals and walking distance to city centre of Newcastle and not far from St James Park.
Demographics
The pub benefits from being one of 4 pubs found in an area of around 5,125 adults. The North Terrace customer base is made up of young adults.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining the food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via private function hire, live sports and live entertainment. It offers a selection of popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
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 pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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…
Trading Area & Facilities
- Main trading area with bar
- Separate dining room
- 70 internal covers
- Catering kitchen
- Function room with bar
- SmartDispense
Private Accommodation
Private accommodation consists of 1 bedrooms, a living room, kitchen and bathroom.
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 range from**:
£13,942 - £36,800
Annual
Estimated Annual Turnover
£416,723
Annual Rent
£29,300
Entry Costs
Deposit
**Deposit build up from 1 month rent
**Deposit build up from 1 month rent
£7,325**
Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available
**Rented fixtures & fittings deal available
£17,975**
Stock Valuation
£8,000
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.
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.
Location:
Claremont Rd, Newcastle Upon Tyne, NE2 4AN
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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