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Pub/bar for sale

£34,999 Fixed price

North Shields, Tyne And Wear NE30

Interested in this property? Call +44 1772 913303 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • 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

Property 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.

What Zoopla users think of North Shields

Overall rating:

  • currently 4 stars
Very good - 78% (103 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

Rate North Shields:

Tell us what you think of this area by rating these categories.
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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Heworth (6.0 miles)
  • Manors (6.9 miles)
  • Newcastle (7.5 miles)
  • Newcastle Airport (10.1 miles)
  • Durham Tees Valley Airport (34.5 miles)
  • Leeds Bradford International Airport (79.5 miles)
  • North Shields Ferry Terminal (0.3 miles)
  • South Shields Ferry Terminal (0.8 miles)
  • Newcastle International Ferry Terminal (1.1 miles)

Nearby schools

View all schools in North Tyneside
  • Christ Church CofE Primary School (0.3 miles)
  • St Cuthberts Roman Catholic Primary School Aided (0.4 miles)
  • Spring Gardens Primary School (0.5 miles)
  • Monkseaton High School (1.8 miles)
  • Whitley Bay High School (2.9 miles)
  • Astley Community High School (5.3 miles)
  • Kings Priory School (1.0 mile)
  • John Spence Community High School (1.0 mile)
  • Southlands School (1.0 mile)
Note: Distances are straight line measurements

Local info for North Tyneside

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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