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Clarendon Hotel, Londesborough Street, Hull, East Riding Of Yorkshire, HU3

£500,000

Business rates & charges may apply

Sidney Phillips Limited, Yorkshire
SIZE

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SECTOR

Pub for sale

USE CLASSUse class orders: A4 Drinking Establishments and Sui Generis

A4, sui_generis_3

Key features

  • Close to Hull city centre
  • Large corner building
  • Two trade areas
  • Five apartments
  • Three outdoor areas
  • Close to the MKM Stadium

Description

The Clarendon Hotel is situated just off the busy Spring Bank, close to Hull's city centre, the Royal Infirmary and the very popular 'Avenues' area. Hull is situated 34 miles south-east of York. It is the fourth largest city in the Yorkshire and Humber region. The area is an important commercial hub, originally centred around the fishing industry that still stands proud in the city. The focus is now on the chemical and healthcare sectors with several well known British companies including BP, Smith & Nephew and Reckitt Benckiser having facilities a short distance from the subject property.

The premises comprises a three storey detached public house of brick construction under a pitched slate roof. It is situated in a main thoroughfare between the city centre, bus and train stations and MKM Stadium. The area is mainly residential, close to the commercial and industrial districts of Hull. Due to the pub's close proximity to the MKM stadium, it is extremely popular on match days, with regular clientele during the rest of the week.

TRADE AREAS
Entrance from Clarendon Street into the MAIN BAR presented in an excellent condition and comprising high ceilings, traditional bench seating and wooden bar servery. To the rear is the second BAR AREA, again in excellent condition with ENTERTAINMENT FACILITIES, POOL TABLE and its own BAR SERVERY. This area would work well as a Function Room.

The entire pub is presented to a high standard with double glazed windows throughout, whilst retaining some of its original Victorian charm. It has a total internal capacity of 125.

LADIES' and GENTLEMEN'S TOILETS are located to the rear of the pub.

The large CELLAR is located in the basement. It has plenty of storage space and is accessed from the front of the building and an access hatch behind the bar.

COMMERCIAL KITCHEN: well presented and well equipped with a PRE-WASH ROOM offset. The kitchen is currently leased to an external caterer, serving Mediterranean food and traditional fayre including fish Fridays and Sunday lunches.

LETTING ACCOMMODATION
Located on the first and second floors are FIVE SPACIOUS APARTMENTS, all leased to long term, assured shorthold tenancy agreements. The apartments generate a rental income of approximately £36,000, inclusive of bills. The letting accommodation comprises three two bedroom flats, a split level one bedroom flat and a large, loft style one bedroom flat. All are in an excellent condition.

EXTERNAL
The pub boasts four BEER GARDENS to the side, front and rear of the pub. To the rear are two large beer gardens with marques, outdoor bar, sound system and performing stage. There is a small, quiet patio area to the rear and a large drinking area to the front. On match days, the pub is very busy and enjoys a high turnover.

Our clients have owned and operated The Clarendon Hotel for over 16 years and established the pub as a thriving business that is very popular on match days and within the local area. Offering private functions and known as a good local pub, the business has the potential for further improvement.

The business generates a net turnover in the region of £4,500 per week, with a good net profit. Currently trade is wet-led. With a commercial kitchen already installed, there is huge potential to introduce a food offering.

There is also the possibility of further development within the pub's boundaries, subject to relevant planning consent.

Further accounting details are available to all interested parties following a formal viewing.

Clarendon Hotel, Londesborough Street, Hull, East Riding Of Yorkshire, HU3

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hull Station0.4 miles
  • New Holland Station3.1 miles
  • Cottingham Station3.2 miles

About Sidney Phillips Limited, Yorkshire

Yorkshire

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

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