The Highcliffe is located within a large sub-urban housing estate within a short travelling distance of the market town of Guisborough. The site is situated in a mid-market demographic with a mixture of privately owned and rented housing it is a popular venue during the week and weekends and has a large target customer base that use it for relaxed eating and social drinking purposes. There are two raised sections, the first hosts traditional pub games and includes a pool table and darts board as well as some TV screens for showing live sports. The second section is used as a dining area however the table plan throughout the pub is relaxed for both dining and drinking purposes which creates a comfortable community atmosphere that is enjoyed by the locals. There is also a large, well-equipped catering kitchen that is capable of supporting a quality traditional food offer. To the rear of the pub is a small patio area set out with several picnic benches and a dedicated children’s play area, making this an excellent space for families. This is a pleasant space that overlooks a large community field that is used by the locals for various leisure activities including football games for the local league.
The Private Living area is decorated to a good standard and is of a large and spacious style , it is found directly above the trading areas of the business and has its own private access to the rear of the premises here.
Forecast Turnover: £517,846.92
Year 1 Rent: £0.00
Guide Rent: £35,000.00
Initial Deposit: £0.00
Full Deposit: £8,750.00
Full Tie Release: £47,750.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £20,000.00
Working Capital: £25,500.00
Stock & Glassware: £5,000.00
Cash Float: £1,500.00
The current customer base is varied and includes locals, families and nearby workers as it has the features to attract a varied crowd with pub games, live music, a good drinks trade and traditional pub menu. With an already steady stream of custom, the Highcliffe offers an excellent opportunity for an experienced publican to build upon this with tactical weekly entertainment and live sports screenings. Enthusiasm and the ability to establish themselves within the community is necessary for the prospective publican.
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Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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