Summary - 70 PITT STREET NEWCASTLE UPON TYNE NE4 5ST
1 bed 1 bath Pub
Turnkey licensed venue near the stadium with proven match-day trade appeal.
Prime city-centre corner location, short walk to St James' Park
Fully licensed, turnkey venue with c.85+ covers across two floors
Reported turnover c.£700k (Nov 2024) and c.135 barrels annual barrelage
Freehold sale; majority of fixtures and fittings included subject to inventory
Energy Performance Rating B; Victorian character and high ceilings
High local crime rate; area classified as deprived
Slow broadband speeds may impact digital and delivery services
Rateable Value £33,500 — confirm actual business rates payable
This prominent Victorian corner freehold offers a turnkey, fully licensed venue in a high-footfall city location a short walk from St James’ Park. The property is well presented with period character, high ceilings and space for 85+ covers across bar and restaurant levels, making it immediately usable for hospitality operators.
Prior to closing the business traded strongly, with reported turnover rising from c.£618k (Nov 2023) to c.£700k (Nov 2024) and average annual barrelage around 135 barrels. Most fixtures and fittings are included, and ancillary spaces include a commercial kitchen, cellar, cold room, storage and office — all useful for an owner-operator or regional portfolio purchaser.
Buyers should note material considerations: the surrounding area records high crime and is classified as deprived, broadband speeds are slow, and business rates are based on a Rateable Value of £33,500. The property will suit a buyer prepared to re-open and actively manage the venue to re-establish trade, particularly on match days and during university term-time.
Overall this is a rare freehold opportunity to acquire a large, characterful city-centre venue with established trading history and clear upside for an experienced operator or investor willing to address local challenges and capitalise on location benefits.
Pub for sale in Northumberland, NE1 — £850,000 • 2 bed • 1 bath
Leisure facility for sale in Whickham House, Bensham Road, Gateshead, NE8 — £275,000 • 1 bed • 1 bath • 2260 ft²
Mixed use property for sale in West Wylam Inn, 29 Front Street, Prudhoe, Northumberland, NE42 — £225,000 • 1 bed • 1 bath • 2542 ft²
Pub for sale in North East Bar/Nightclub, NE1 — £100,000 • 1 bed • 1 bath • 6000 ft²
Pub for sale in The Wheatsheaf, 26 Carlisle Street, Felling, Gateshead, NE10 0HQ, NE10 — POA • 1 bed • 1 bath • 1474 ft²
Pub for sale in Tyneside - Large Traditional Pub, NE28 — £585,000 • 1 bed • 1 bath
