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Wardley Hotel, Gateshead

Gateshead, NE10 0TT

Your investment

£12,000

Agreement Type

Tenancy
  • Fantastic established community local
  • Internally decorated to a high standard
  • Recently refurbished private accommodation

Set on the edge of the Bill Quay area of Gateshead, flanked by fields and overlooking the River Tyne, The Wardley hotel takes pride in the local community. Oozing with history this traditional brick built building retains its charm and characteristics to give that warm and inviting feel. Surrounded by local housing The Wardley is the pride of its community which benefits from the huge beer garden with all day sunshine during the summer months to the internal log burners providing that cosy feel during the winter making this the perfect community local pub.

Pub Layout

The main entrance leads you into an open plan trading area adorned with panelled walls and a mixture of fixed and loose seating. The well presented wood panelled bar is in a prominent position making it the focal point of the building. Behind the bar there is a snug area complimented by a log burner for those cosy winter nights. To the side of the pub there is a lovely beer garden area boasting beautiful views over the River Tyne. The Wardley boasts a good selection of products and all sporting events.

The Wardley is a warm and welcoming community pub. Trade is primarily derived from the sales of drinks and currently has a sports offer. The Wardley would benefit from the introduction of darts and dominoes teams enhancing the community feel.

Private Accommodation

The pub can be accessed via a private entrance at the rear of the pub. This provides three bedrooms, a good sized lounge, separate dining room, bathroom and kitchen. This is of ample size to accommodate a single person or a family and has currently been refurbished.

The Wardley should continue to operate as the warm welcoming, community local. Ideally the new licensee should have knowledge of the local area, be creative and passionate about local events, have an interest in sports and creating new darts & dominoes teams and introducing quizzes and live music. This could be the ideal site for a first time licensee as it is wet led only, or an experienced community pub licensee who takes pride in the local community and knows how to give a warm welcome.

 

 

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

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.

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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