Earl of Pitt Street, 70 Pitt Street, Newcastle Upon Tyne, NE4 5ST
- SIZE
Ask agent
- SECTOR
Pub for sale
Key features
- Prime City Location
- Vacant Possession
- 85+ Covers
- Net Turnover 2024 - c.£700,000pa
- Fully Licensed
- Energy Rating B
- Christie & Co Ref: 6450536
Description
Prior to closing the Earl of Pitt St had a strong following and was renowned for its excellent food and great pints. Highly rated on TripAdvisor it was one of the best bar/restaurants in Newcastle upon Tyne.
A stones throw away from St James' Park, home to Newcastle United, the pub was extremely popular venue on Match days.
This red brick street corner local, which dates back to late Victorian times, is the last remaining pub at the old Newcastle Brown Ale brewery site and resonates character - with its "Alfred Hitchcock meets Vivienne Westwood" style of décor it is well presented throughout.
The Earl of Pitt Street is located on Pitt Street, in the city of Newcastle Upon Tyne, within a stones throw of St. James’ Park and close to the Helix, a 24 acre innovation district in the heart of the city. Newcastle University Business School is also located nearby.
With many public transport links close by, the nearest Metro Station is St James Park (19 minute walk) with the Newcastle Station approximately 0.5 miles away.
Ground Floor
A bar area with seating comprising a mixture of sofas, tables and chairs for c.35 covers.
First Floor
A restaurant with seating for c.55 covers.
We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory.
Ancillary areasCommercial grade kitchen, cellar, cold room, storage, office as well as customer WCs.
The OpportunityThe Earl of Pitt Street presents a fantastic opportunity for an owner operator to re-open the well renowned pub and re-establish trade. Equally, it could prove a solid acquisition for an expanding regional operator looking to grow their portfolio.
Trading InformationWe have been advised that prior to closing in early April 2025, turnover for year end November 2023 was c.£618k net of VAT, with year end November 2024 turnover being c.£700,000 net of VAT.
Average annual barrelage (excl. guest ales, wine etc) c.135 Barrels
The Rateable Value as of 1 April 2023 is £33,500.
Confirmation of actual business rates payable should be obtained from the Local Authority.
Premises Licence
Energy Performance Certificates
EPC 1Brochures
Earl of Pitt Street, 70 Pitt Street, Newcastle Upon Tyne, NE4 5ST
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- St James Station0.2 miles
- Newcastle Central Station0.6 miles
- Manors Station0.9 miles
Notes
Disclaimer - Property reference 6450536-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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