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YOUR INVESTMENT

£20,000

AGREEMENT TYPE

Five Year Agreement

FACILITIES

3+ BedroomsFunction RoomLive MusicSports TeamsBeer Garden
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#Central

Newcastle Upon Tyne, NE1 4EE

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OR CALL 01244 321 171 FOR MORE DETAILS

Fully refurbished in the Winter of 2015, #Central is quite simply a stunning bar located in the heart of Newcastle City Centre. The pub sits next door to the “Centre of LIFE” tourist attraction and is very close to the Newcastle Metro Concert Arena. There are major high-rise office blocks in the vicinity and has the benefit of the local University populous within easy reach. Located opposite the venue is the Holiday Inn and a matter of yards away is the Jurys Inn. In addition, the pub is just a short ten-minute stroll to the Eldon Square main shopping complex and St James Park, home of Newcastle United F.C. Owing to the central location the pub has the opportunity appeal to all age groups depending on reason for visiting the City or indeed whether they live locally to the pub. This is a superb opportunity for an operator looking to take steps into the city Centre hospitality economy.

Pub Layout

On entering the building, you are greeted by an open plan trading area with the main bar set to the rear leaving plenty of retail space. The site is tastefully decorated with a view to a 12-14-hour trading deal. The pub is in immaculate condition and very much fit for purpose as an all-round multipurpose venue. There is a staircase to the side of the main bar that accesses a small night club / function room. This did not form part of the recent refurbishment but could easily be decorated to match the style for future use. There is no outside drinking or smoking area with the pub being located in a busy city centre location. Car Parking is available on both metres and nearby multi storey’s. Food is developed from a simple back bar operation that will easily produce the standard overpriced fayre that branded operators such as Starbucks and Costa produce.

Currently the pub operates primarily in the late-night sector and opens when business opportunity presents i.e. Newcastle United FC match days and Concert Arena nights. With multiple consumer traffic flow available locally, the pub must engage with the levels of day time footfall in the area. The bar can operate on several levels one of which is to offer an in-vogue coffee and snack offer. The pub will be WIFI enabled giving passers by the opportunity to hold meetings, catch up with Social Media or in fact study. The evening and late night trade is a given that can be maintained by the first-class bar offering.

Private Accommodation

The private accommodation is located on the first floor of #Cerntral and comprises: three good sized bedrooms, kitchen, bathroom, office and living room.

Annual Rent: £39,000

Security Deposit: £10,000

Working Capital: £5,000

Stock: £5,000

Fixtures and Fittings: TBC

(funding options available for the right licensee)

Tie:        All drinks categories are tied.

For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Successful recruitment with a like-minded individual will see #Central be able to open throughout the day. 8am for coffees / light breakfasts through to 2am as a nightclub operation. The pub is sparkling and has stood up well to its first 18 months’ post investment. A fantastic opportunity.

Ideal Applicant

Admiral Taverns is seeking a vibrant, enthusiastic operator looking to embrace a prominent city centre location.  They will need to drive traffic through a quality marketing programme and be able to utilise the ever-increasing social media platforms to engage with their consumers. Some catering experience would be helpful as to capture daytime trade and a lunch time food offer will be required.

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Admiral Taverns