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The Grafton Hotel is a detached property nestled among the Newland Avenue area of the city, 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 as 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 trading area is divided into a traditional two-room layout, with both rooms served by a central bar. The main bar area is accessed from the car park and features a mixture of fixed and loose seating, TVs and a pool table. The second bar area also features a mix of fixed and loose seating, TVs (including a large screen projector) and darts oche, and is regularly used as a function room as it has its own bar and toilets. This room is ideal for meetings, parties, christenings and hosting live entertainment. 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, and to the side of the pub is a good sized car park with space for up to 15 cars.
The private accommodation is in good order and consists of a lounge, kitchen, bathroom and three good sized bedrooms.
Annual Rent: £17,000
Security Deposit: £4,000
Working Capital: £2,000
Stock: £1,000
F&F: TBC (Funding options may be available for the right licensee)
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
* Based on the April 2023 provisional rating list, the Zero Rates Payable is based on the licensee only occupying one property for commercial purposes.
The Grafton is already a very popular community pub with a good reputation in the local area. Licensee (s) 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 pub sports and 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.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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