YORKSHIRE - EXCELLENT FREEHOLD PUB WITH BAGS OF POTENTIAL
Hull, East Yorkshire
Ref: 45854
£150,000
Freehold
1 / 10
Key Features
Precis
Popular character pub close to Hull city centre with spacious living accommodation and lots of potential.
Location
The East Riding Hotel is situated the commercial and industrial port city of Hull, in the East Riding District of Yorkshire. It lies upon the River Hull at its confluence with the Humber Estuary, 25 miles inland from the North Sea, 34 miles south-east of York and 54 miles north-east of Sheffield. With a population of approximately 260,000, Hull is the fourth-largest city in the Yorkshire and the Humber region. The area is an important commercial hub originally based around the fishing industry that still stands proud in the city. Industry is now focused the on chemical and health care sectors. With several well-known British companies, including BP, Smith & Nephew and Reckitt Benckiser having facilitates a short distance from the subject property.
The premises comprises a three-storey end of terrace public house of brick construction under a pitched slate roof. It lies a short distance from the city centre in a thoroughfare between the Sculcoates and Botanic residential areas and the main commercial and industrial districts. The property is situated close to the Hull Infirmary and as a result enjoys a significant amount of passing traffic and loyal client base.
The premises comprises a three-storey end of terrace public house of brick construction under a pitched slate roof. It lies a short distance from the city centre in a thoroughfare between the Sculcoates and Botanic residential areas and the main commercial and industrial districts. The property is situated close to the Hull Infirmary and as a result enjoys a significant amount of passing traffic and loyal client base.
Property
TRADE AREAS
Located at ground floor level, comprising:
- OPEN PLAN TRADE AREA with vinyl flooring, bar servery, upholstered bench seating, freestanding tables and chairs. Seating capacity for approximately 45.
- GENTLEMEN’S WCs
- LADIES WCs
OWNERS ACCOMMODATION
First and second floor accommodation comprising:
- 3 x DOUBLE BEDROOMS
- LOUNGE
- KITCHEN
- TWO BATHROOMS
- SMALL ROOF TERRACE
EXTERNAL
- REAR YARD
Located at ground floor level, comprising:
- OPEN PLAN TRADE AREA with vinyl flooring, bar servery, upholstered bench seating, freestanding tables and chairs. Seating capacity for approximately 45.
- GENTLEMEN’S WCs
- LADIES WCs
OWNERS ACCOMMODATION
First and second floor accommodation comprising:
- 3 x DOUBLE BEDROOMS
- LOUNGE
- KITCHEN
- TWO BATHROOMS
- SMALL ROOF TERRACE
EXTERNAL
- REAR YARD
The Business
Our client has owned and operated the business for over 17 years and is now looking to sell due to retirement.
During this period of occupation, the business has been a strong part of the close knit community within the local area. It has enjoyed a wet-only trade from a regular clientele base as well as from workers traveling too and from work in the surrounding commercial and industrial districts.
It is our understanding that prior to Covid, net turnover stood in excess of £150,000, with an excellent net profit. Further accounting detail will be made available to serious parties following a formal viewing.
Although historically operated as a wet-only public house, the East Riding Hotel is offers scope to install a kitchen in order to introduce a simple and traditional food offering. Furthermore there is potential to convert the upper floors into trade areas which would massively increase turnover.
Alternatively, subject to Planning Permission, the premises would suit conversion into alternate use such as retail, office, conversion into a single residential swelling or HMO use.
During this period of occupation, the business has been a strong part of the close knit community within the local area. It has enjoyed a wet-only trade from a regular clientele base as well as from workers traveling too and from work in the surrounding commercial and industrial districts.
It is our understanding that prior to Covid, net turnover stood in excess of £150,000, with an excellent net profit. Further accounting detail will be made available to serious parties following a formal viewing.
Although historically operated as a wet-only public house, the East Riding Hotel is offers scope to install a kitchen in order to introduce a simple and traditional food offering. Furthermore there is potential to convert the upper floors into trade areas which would massively increase turnover.
Alternatively, subject to Planning Permission, the premises would suit conversion into alternate use such as retail, office, conversion into a single residential swelling or HMO use.
Tenure
FREEHOLD £150,000 to include fixtures, fittings and goodwill.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held:
Monday to Sunday 11:00-01:30
Monday to Sunday 11:00-01:30
Services
All mains services are connected.
Rateable Value: £2,200
Local Authority:
Hull City Council
The Guildhall
Alfred Gelder Street
Hull
HU1 2AA
Rateable Value: £2,200
Local Authority:
Hull City Council
The Guildhall
Alfred Gelder Street
Hull
HU1 2AA
Downloads
Enquire about this listing
Ray Vilka
Yorkshire
