Tramway Lowestoft
East of England
1 London Road, Lowestoft, Suffolk NR33 7AA, UK
The Tramway is a large and characterful pub is prominently situated on the busy London Road in the Pakefield area of Lowestoft. The pub is surrounded by a large number of residential properties and also has shops and schools close by. The pub has an extensive ground floor trading area with a dining space to one side, lounge in the centre and a space which could be utilised for games to the other side, with one large bar catering for all three areas. There is a combination of fixed and loose seating arrangements with approximately 24 covers for dining and scope for more. The décor is traditional, and the trading areas are all in good decorative order. Pub games could be made available to include pool, darts and sports and there is ample space for live music and entertainment. Furthermore, the pub benefits from four luxury letting accommodation rooms, all en-suite and decorated to a very good standard. A good size and well-maintained trade kitchen are situated on the ground floor. Externally, there is a beer garden to the side of the pub, which is not currently in use but could easily be utilised with some minor landscaping and the addition of garden furniture. There is also a patio area to the rear of the pub adjacent to the car park with tables and chairs. The car park can accommodate approximately 20 vehicles.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Gallery
Everything about the Pub
Lowestoft is town in Suffolk on the North Sea coast and is one of Britain’s most easterly towns. It is a popular tourist destination with holiday makers visiting the two expansive Blue Flag beaches. The pub is situated in a busy residential area in the centre of Pakefield, Lowestoft and is surrounded by several shops and schools close by.
Private Accomodation
The private accommodation is situated at the top of the building, on the second floor and comprises a lounge, kitchen/dining room, double bedroom with adjacent 'open plan' bathroom and a separate WC.
Agreement Fee: £0.00
Cash Float: £1,000.00
Fixtures & Fittings: £25,000.00
Forecast Turnover: £483,566.11
Full Deposit: £10,000.00
Full Tie Release: £32,250.00
Guide Rent: £40,000.00
Initial Deposit: £0.00
Repair Fund: £2,500.00
Stock & Glassware: £3,000.00
Working Capital: £30,300.00
Year 1 Rent: £31,000.00
Forecast Dry Turnover: £200,679.48
Forecast Other Turnover: £44,624.25
Forecast Wet Turnover: £238,262.38
Additional Info
Ingoing Cost: £30,300.00
Annual Cost: £40,000.00
Agreement Type: Retail Partnership Tenancy
The Tramway is well supported by the local community and has several benefits including pub food and letting accommodation which consequently provides multiple income streams.
Contact
Contact The Love Your Pub Team:
Contact number: 01329 227488
Contact email address: info@loveyourpub.co.uk
Pub Location
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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.