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Beer Garden
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External Drinking Area
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Function Room
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Smoking Solution
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Car Park
Property details
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 frontman Paul Heaton lived locally and the Grafton was a favourite watering hole for both bands, providing inspiration for some of their lyrics. Subject to board approval and upon signing a 5-year agreement, the landlords will be investing in this great pub with plans for both internal and external investment. This will really make Grafton the go-to pub in the area.
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 consists of a lounge, kitchen, bathroom, and three good-sized bedrooms.
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Team Games
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Pool Area
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Live Entertainment
Trading style
The Grafton currently trades as a drinks-focused community local, with a focus on live entertainment. The strong regular trade is mainly driven by early evening and weekend custom, with established pub sports teams and well-supported weekend karaoke/live music events. The local student population provides an additional income stream, with the pub currently opening from 1 pm through to midnight seven days a week. There is room for development in the way of utilising the function room for events and functions such as christenings, parties, and funerals.
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 activities 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 to some investment, a back bar food offer could be introduced for applicants with the right catering skills. This pub has been approved for an extensive refurbishment and is set to become an outstanding venue once completed. The image provides a small part of our vision for its transformation, and prospective licensees will have the opportunity to explore these exciting plans in greater detail during the interview stage.
Key financials
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Reference Number:
IU3WDL / P00670
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£10,000.00
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Annual Rent:
£17,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.
Annual Rent: £17,000
Security Deposit: Initial deposit of £4,000, building up to £5,000 or the equivalent of three months’ rent, whichever is greater
Working Capital: £2,000
Stock: £3,000
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drink categories are tied. For fully funded licensees on long-term agreements, the landlords offer free-of-tie options for certain drinks categories in exchange for an annual fee.