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 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 private accommodation consists of a lounge, kitchen, bathroom and three good sized bedrooms.Your investment: £10,000
Annual Rent: £17,000 ** Stepped rent available **
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.