Commercial property for sale in Newcastle upon

DescriptionThe Earl of Pitt Street is a prime example of a well operated city centre pub which serves up excellent food and pulls a great pint. Highly rated on Tripadvisor as one of the best bar/restaurants in Newcastle upon Tyne, the pub has a strong local following and is a particular favourite, especially for Sunday lunches. The food ranges from a selection of British pub classics on a Sunday, through to a wonderful selection of Asian fusion meals on the A La Carte menu. The Earl’s team also provide a catering option for private events/functions. A stones throw away from St James' Park, home to Newcastle United, the pub is an extremely popular venue on Match days. This red brick street corner local, which dates back to late Victorian times, is the last remaining pub at the old Newcastle Brown Ale brewery site and resonates character - with its "Alfred Hitchcock meets Vivienne Westwood" style of décor it is well presented throughout. For further information on The Earl of Pitt Street offering, please see the business' dedicated website: LocationThe Earl of Pitt Street is located on Pitt Street, in the city of Newcastle Upon Tyne, within a stones throw of St. James’ Park and close to the Helix, a 24-acre (~10ha) innovation district in the heart of the City. Newcastle University Business School is located nearby. With many public transport links close-by, the nearest metro station is St James Park (19 minute walk) with the closest railway station, Newcastle being approximately 0.5 miles away. Internal DetailsThe ground floor level comprises of a bar area with seating comprising a mixture of sofas, tables and chairs for c.35 covers. The first floor comprises of a restaurant with seating for c.55 covers. Fixtures & FittingsWe have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory. Ancillary areasCommercial grade kitchen, cellar, cold room, storage, office as well as customer WC's. The OpportunityThe Earl of Pitt Street presents a fantastic opportunity for an owner operator to replicate the way in which the business is currently operated. Equally, it could prove a solid acquisition for an expanding regional operator looking to grow their portfolio. Benefitting from trade from both locals and tourists, the business is already well established with excellent reviews and good reputation. StaffThe business is currently operated under management and a strong team. Trading InformationWe have been advised that turnover for year end November 2023 is c.£618k net of VAT. Trading Profit & Loss Accounts will be provided to seriously interested parties on request. Average annual barrelage (excl. guest ales, wine etc) c.135 Barrels. Trading HoursEarl Opening Hours Monday - Closed Tuesday - Closed Wednesday - 12.00pm to 10:30pm Thursday - 12.00pm to10:30pm Friday - 12.00pm to 10:30pm Saturday - 12.00pm to 10:30pm (closed for lunch food on match days) Sunday - 11:30am to 7.00pm Restaurant Opening Hours Monday - Closed Tuesday - Closed Wednesday - 12.00pm to 8.00pm Thursday - 12.00pm to 8.00pm Friday - 12.00pm to 8.00pm Saturday - 12.00pm to 8.00pm Sunday - 11.30am to 5.00pm Business RatesThe Rateable Value as of 1 April 2023 is £33,500. Confirmation of actual business rates payable should be obtained from the Local Authority. RegulatoryPremises Licence Energy Performance Certificates EPC 1

Commercial property for sale in Newcastle upon Tyne, England

Pub for sale

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