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Property Listing Details

Features

  • Leasehold
  • Well established and extremely popular leasehold pub
  • Turnover in excess of £3,400pw, excellent potential to increase profits
  • Locally supported pub, enviable trading position
  • 5 bedroom owner’s accommodation, retirement sale, viewing recommended

Listing view statistics

Last 30 days: 75 page views

Since listed: 151 page views

Description

Reference - 44767
Description

The business has been under our client’s careful ownership for over 15 years and has established an enviable reputation. The business is situated in North Shields near to Newcastle. North Shields is a town on the north bank of the River Tyne, in the metropolitan borough of North Tyneside, Tyne and Wear in North East England. Historically part of Northumberland, it is located eight miles North East of Newcastle upon Tyne.

The business boasts an enviable customer base and is not only supported locally, but also by passing trade due to its location in the centre of North Shields. Although the business is trading successfully with an annual turnover in excess of £175,000, there is still huge potential to increase revenue with the introduction of food during the week, or letting the bedrooms. The business does provide a Sunday lunch and serves on average 85 Sunday lunches per week.

The owner’s accommodation is located on the upper floor.

The Bell & Bucket provides a warm and friendly environment to customers in comfortable surroundings and presents buyers with an excellent opportunity to purchase a profitable business.
Weekly sales

Currently sales average £3,400 approximately.
Accounts

Current records and accounts can be inspected when viewing.
Trading hours

Sunday-Thursday 11.00 - 23:00
Friday-Saturday 11.00 - 00.00
Staff

The business is managed by the owners.
Property

The property used to be an old fire station. The property is stone built with a slate roof and stands out in its highly visible trading location
Restaurant and bar areas

The Bell & Bucket boasts an impressive wooden bar with traditional wooden tables and cushioned chairs, with 22 covers in the main bar area.

To the front of the property is a mezzanine area with 20 covers. Also located on the ground floor is a fully equipped kitchen and we believe most of the equipment to be in good working order.
Residential accommodation

The residential accommodation can be found on the upper floor of the property and comprises of a kitchen, a lounge, a family bathroom and 5 double bedrooms.
Tenure

We are advised that the property is held on a 20 year lease which commenced in 2006. The annual rent is £21,000 exclusive. Rent reviews are at 5 yearly intervals. With 9 years remaining on lease

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary

The sale of The Bell & Bucket presents an excellent opportunity for a lifestyle business located in the North of England. Only now being offered for sale due to the vendors wish to retire, a viewing is recommended.

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • " role="presentation" aria-hidden="true"> Christ Church CofE Primary School 0.3 miles
  • " role="presentation" aria-hidden="true"> St Cuthberts Roman Catholic Primary School Aided 0.4 miles
  • " role="presentation" aria-hidden="true"> North Shields Ferry Terminal 0.3 miles
  • " role="presentation" aria-hidden="true"> South Shields Ferry Terminal 0.8 miles

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Property descriptions and related information displayed on this page are marketing materials provided by Kings Business Transfer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Kings Business Transfer for full details and further information.