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Grafton Hotel, Hull

Hull, HU5 2NP

Your investment

£10,000

Agreement Type

Tenancy

The Grafton Hotel is a detached property nestled among the popular Newland Avenue area of the city and just ¾ of a mile from the city centre. Newland Avenue is a popular vibrant area close to Hull university which is home to numerous bars and restaurants frequented by the student population. The pub itself is located on Grafton Street, a residential area consisting of terraced housing, with a number of these let to university students.  This iconic pub is famous for its links with the Housemartins and the Beautiful South. Front man Paul Heaton lived locally, and the Grafton was a favourite watering hole for both bands, providing inspiration for some of their lyrics.

The Grafton Hotel is a detached property nestled among the popular Newland Avenue area of the city and just ¾ of a mile from the city centre. Newland Avenue is a popular vibrant area close to Hull university which is home to numerous bars and restaurants frequented by the student population. The pub itself is located on Grafton Street, a residential area consisting of terraced housing, with a number of these let to university students.  This iconic pub is famous for its links with the Housemartins and the Beautiful South. Front man Paul Heaton lived locally, and the Grafton was a favourite watering hole for both bands, providing inspiration for some of their lyrics.

Pub Layout

The trading area consists of two rooms with both rooms having separate entrances to the toilets.  The main entrance to the pub into the bar is accessed from the car park and consists of a mixture of fixed and loose seating plus a pool table.  The second bar area is used as a function facility with its own bar, toilets and small stage.  This room is ideal for meetings, parties, christenings and hosting live events.  Outside the pub, there is a drinking terrace to the front of the building with bench seating and overhead lighting.  To the rear of the property there is an enclosed beer garden with bench seating and a timber gazebo.  On the side elevation, there is a good sized car park with space for up to 15 cars.

The Grafton is a community local with a loyal established customer base as well as a home to many students given its popularity with live music.  The pub is 100% wet led and the income is mainly driven from early evening trade and weekend entertainment such as live bands and karaoke. In addition, the Grafton is home to four pool teams and a darts team which boosts midweek trade.

The pub currently opens from 1pm through to midnight from Sunday through to Saturday.

 

 

Private Accommodation

The private accommodation consists of a lounge, kitchen, bathroom and three good sized bedrooms.

The Grafton is already a very popular community pub with a good reputation. Applicants will need to deliver consistent high standards and a variety of activity to ensure the business maximizes sales and remains the hub of the community. A passion for occasional live music would be beneficial especially with its iconic music heritage. In addition with some investment a back bar food offer could be introduced for applicants with the right catering skills.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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