tenancy
79 Westgate Road, Newcastle upon Tyne, Tyne and Wear NE1 1SQ, UK
Approx. Total Ingoings
£15,000Annual Rent
£8,000The Star is a terraced, one room city centre pub set in the heart of Newcastle upon Tyne. It is situated a short distance from Newcastle central station and the famous St James football stadium. This wet-led pub is on the main circuit and has the advantage to drive customers from a number of popular attractions close by. There is one large trading area, serviced by a central bar servery and seating for approximately 120 covers. The ideal publican will have experience in managing or running a pub in the city centre, who can drive the business forward by introducing a basic food offer and continue on improving the entertainment options.
Private Accommodation:
Indoor trading area
On entrance, you are welcomed into a large, one room trading area with a central bar servery which runs across one side of the pub. The space comprises of laminate flooring, neutral décor and a range of modern fixtures and fittings. There is a raised area to the back where the pool table is situated and often where the live music entertainment is hosted. A range of seating is available throughout the pub for up to 120 covers. There is a kitchen which is currently not utilised and needs updating to provide an adequate food offer. (The first and second floors are derelict and not included in the tenancy agreement.)
Outdoor trading area
The pub is situated on a main road and due to the town centre location, there is no car park however there is plenty of on street parking.
Regional Manager Comments
The current clientele ranges from workers, students and evening and daytime drinkers. The Star is decorated in a stylish modern feel and offers a vibrant and welcoming atmosphere for customers to enjoy live music bands or sports on the flat screen TV’s. I am looking for an experienced hands-on publican who can hit the ground running by extending the entertainment offer, introduce a small food offer and aim to attract customers from further afield.
Retail Partnership Tenancy
Live Music Private Accommodation Kitchen Cask Ale Live Sports
Approx. Total Ingoings
£15,000
Annual Rent
£8,000
Potential Turnover: £522,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Introductory Rent: £8,000 per annum, payable weekly in advance.
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £28,000.00 per annum.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £15,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £7,500 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
