Run a Stonegate Pub - Tramway Lowestoft, Suffolk

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About the Pub

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 three en-suite letting rooms, all doubles, which are currently not in use and could benefit from redecoration. 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 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.

Business Information

Agreement: Retail Partnership Tenancy
Capital Startup: Est. £14000
Fixtures / Fittings: Est. £12000
Guide Rent: £40000 pa
Potential Turnover: £479000 pa

Regional Manager's Thoughts

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. The pub would ideally be suited to an experienced publican or couple who can engage with the local community by providing excellent hospitality and a traditional home cooked food offer.

Surrounding Area

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.

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