The Wheatsheaf, 26 Carlisle Street, Felling, Gateshead, NE10 0HQ
- SIZE
Ask agent
- SECTOR
Pub for sale
Key features
- Wet-led Community Pub
- Approximately 50 Covers
- 1 Bedroom Owner's Accommodation
- Around 0.5 miles from Central Gateshead
- Turnover YE24: c.£179,000
- EPC Rating D
- Christie & Co Ref: 6450555
Description
The Wheatsheaf is a traditional pub in immaculate condition, having been well invested in over the years.
This approximately 50 cover bar features a classic design with period features throughout. The interior includes elements such as dark wooden furnishings and decorative touches that contribute to its traditional pub feel.
This well-established venue is ideal for those looking to open their first pub or expand their existing portfolio.
The Wheatsheaf is perfectly positioned at 26 Carlisle Street, Felling, Gateshead, offering excellent accessibility just a short walk from the Felling Metro Station. Major roads such as the A184 and A167 are nearby, ensuring easy access by car.
Situated approximately two miles from Gateshead town centre and about three miles from Newcastle upon Tyne. Gateshead is a vibrant town known for its cultural attractions and its close proximity to Newcastle.
The property is surrounded by a variety of complementary businesses including bars, restaurants, and retail shops.
Internally, the Wheatsheaf features a well organised layout across three levels. The basement cellar includes a spacious store and cellar area for beverages and supplies.
The ground floor comprises a main bar area, leading through to a snug store room, WC, an office.
We are advised that all fixtures and fittings are free from hire purchase or lease agreements and are included in the sale, with the exception of items that are personal to our clients.
Owner's AccommodationThe first floor offers living accommodation with a bedroom, lounge, fully equipped kitchen and bathroom.
The OpportunityThis wet-led community pub in Felling, Gateshead offering a solid business opportunity. Located in a residential area, the pub benefits from a steady flow of local patrons.
Its central position makes it a convenient spot for social gatherings and local events. This pub has the potential to become a key part of the neighbourhood, catering to the needs of the surrounding community.
Turnover YE March 24: c.£179,000
100% Wet Sales
Adjusted Net Profit: c.£53,000
Monday to Thursday
5.00pm - 11:30pm
Friday & Saturday
12.00pm - 12.00am
Sunday
12.00pm - 11.00pm
The Rateable Value as of 1 April 2023 is £2,000
Confirmation of actual rates payable can be obtained from
the local Authority.
Energy Performance Certificates
EPC 1Brochures
The Wheatsheaf, 26 Carlisle Street, Felling, Gateshead, NE10 0HQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Felling Metro Station0.3 miles
- Heworth Station0.5 miles
- Gateshead Stadium Tram Stop0.9 miles
Notes
Disclaimer - Property reference 6450555-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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