Licensee - Newark

Licensee - Old Crown

Olde White Hart, Newark, NG24 1EG

Estimated ingoing required: £20,000

Annual rent: Phased rent to support rebuilding of the business.

Fixtures and fittings: circa £30,000 (New F&F will need to be purchased)

Agreement type: Five Year Tenancy Agreement

A rare and exciting opportunity has arisen to take on a great pub in the heart of the market town of Newark. The pub is currently closed and untradeable and a blank canvas for any ingoing licensee. As a result Admiral Taverns are planning a significant investment at the Olde White Hart to completely relaunch the business in partnership with a successful applicant. The pub is located in the corner of Market Place which is central within the town and as such gets a lot of passing trade. Newark is an attractive Nottinghamshire town that sits close to the Lincolnshire border some 20 miles northeast of Nottingham. Newark has a population of about 27,000 and throughout the year there is a thriving visitor & tourist trade attracted to its historic medieval castle which dates back to 1135 AD, aircraft museum & busy showground which hosts numerous markets & events throughout the Summer months. With its pleasant environment, including the surrounding villages, and its good transport links, the town is becoming a popular commuter town for the expanding city of Nottingham which is around twenty miles away and increasingly for London due to its direct rail link.

• Superb business opportunity
• Blank canvas investment with the right operator and consumer offer
• Ideal location in the heart of Newark

Trading style

The Olde White Hart is a detached property situated adjacent to the old market square and main shopping areas in the town centre. Formerly trading as a predominantly wet operation the site is currently closed, and significant transformational capital refurbishment is planned for this site with the right food led operator (a change of pub name has been considered in conjunction with the operator – the name depicted is demonstrating a possible signage & exterior scheme). The aspiration is to collaborate to create a memorable consumer journey from the exterior to the interior followed a quality dining experience. We believe there is the opportunity to capitalise on the daily town centre footfall, early evening diners followed by the mid evening aspirational diners who live in and around Newark.

Trade accomodation

There is a central bar area with three rooms leading off, most of which have charming original features, all are to be fully furnished, and a new bar servery created plus works to toilets undertaken. There is a large catering kitchen of a good size which is also to be upgraded and equipped. The layout is conducive to both casual and more intimate dining or private function and the intention is to create an al-fresco area to the exterior and smoking solution.

Private accomodation

A spacious first floor accommodation with kitchen, bathroom, lounge and four good sized bedrooms plus an office area all of which are to be refurbished.