Property Description
Pub Overview
A refurbishment investment of around £260,000 is planned to transform the Hope & Anchor into a standout community pub with a quality traditional interior, strong food offer and welcoming spaces for drinkers, diners and sports fans alike. What would you do with this pub to make it a success?
About the area
The Hope & Anchor sits in the pleasant village of Greatham, just off the A689 and ideally positioned between Hartlepool and Billingham. The village lies on the edge of the Teesmouth National Nature Reserve, an area known for its wildlife and natural beauty, while the nearby Tees river area is home to major employers including Hartlepool Power Station and Tata Steel. This mix of local residents, workers and visitors creates a strong base of potential customers for a well-run community pub.
The pub has historically attracted a loyal customer base, particularly for food, before closing in October 2025. Following refurbishment, the aim is to reposition the Hope & Anchor as a destination community pub that appeals to a broader audience, including families, casual diners and younger professionals looking for a welcoming place to meet, eat and socialise.
Demographics
There are 1,199 adults within a 10-minute walk of the pub and 3,932 within a 20-minute walk, providing a solid local customer base to build regular trade and community engagement.
The area is served by a number of nearby pubs across Hartlepool, but the refurbishment will allow the Hope & Anchor to stand out locally with a refreshed interior, improved kitchen and attractive outdoor space.
The offer
Hope & Anchor Greatham is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the Refurbishment Details section for details of the investment being made.
Who we're looking for
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for Hope & Anchor Greatham will have extensive experience in community pubs with a strong food and drink offer. They will have a clear vision for a food-led menu featuring standout dishes such as a Parmo worth travelling for, a well-rounded drinks range and a lively sport and entertainment offer, and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
The refurbishment of the pub will cover both the interior and exterior of the site. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
Main trading area with bar
Separate dining room
Snug area
Separate games or sports zone
Catering kitchen
Approx. 80 internal covers
Pub garden
Approx. 32 external covers
Car park (13 spaces)
HEINEKEN SmartDispense system
Private accommodation
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private accommodation consists of three bedrooms, living room, bathroom and kitchen.
Premises license available on request.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Kitchen
Parking
Outdoor Trade
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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