Nil Rent North Shields Pub To Let

Business description

The Ballarat, 13 Borough Road, North Shields, Tyne & Wear. Prominently positioned public house near town centre on busy crossroads controlled by traffic lights. Not the best area of town but the pub is in good condition and has a spacious maisonette over two floors. Would make speciality real ale pub with traditional ambience and convivial landlord. We are a small independent pub company and the pub is supported by a management company there to guide you.

Property information

Property:

Leasehold

Lease terms:

Temporary Agreement for up to 1 year with nil rent, tied to beer, lager, cider, stout with generous discounts. Full support given. Property needs furnishing throughout by tenant. After at least 6 months successful trading we will offer you a nil premium long lease free of tie and FRI at reasonable terms to be agreed which can be assigned after 3 years. We are a small private pub company who are able to tailor terms to suit our tenants.

Leasehold rent:

£364-10,400 pa per annum

Living accommodation:

Very presentable living accommodation. 3 beds; reception; kitchen; bathroom; spacious attic areas

Location:

Prominently situated on crossroads in Borough Road, North Shields

Premises details:

Main bar with central servery; basement cellar; small rear yard. Accommodation over two floors: 3 beds; reception; kitchen; bathroom; attic areas

Other information

Expansion potential:

Trade can be expanded but areas cannot.

Competition / Market:

Several pubs nearby but in the lower bracket

Support & training:

Full support from management company

Reasons for selling:

Change of tenant

Trading hours:

Currently closed