The Punch Hotel, Queen Victoria Square, Hull – Leasehold: £65,000 pa
Set in a thriving retail area, this historic 19th-century Hull tavern is available for leasehold, and should be a fantastic acquisition due to vast retail potential and continued investment in the city.
A classic example of a Victorian tavern consisting of an impressive three-storey brick construction – with ornate stone detailing around windows, doorways, parapet roofing and porch coverings – The Punch Hotel sits in a prominent retail position next to the Princes Quay shopping centre. A very reluctant sale due to a change in circumstances, it’s a brilliant time to invest in The Punch Hotel in light of Hull achieving City of Culture status earlier this year. The property is situated opposite the Town Hall and Maritime Museum in the pedestrianised City Square area.
Originally dating from 1845, refurbishment of the property was commissioned in 1895-6 by the Hull Brewery Company as part of a redevelopment of the area. Grade II listed, The Punch Hotel is considered a masterpiece in architecture.
Simon Hall from Fleurets is marketing the property, and commented: ‘It has never been a better time to invest in Hull. As a result of being the 2017 City of Culture, Hull is receiving a high proportion of investment, and this business already has a net turnover of £400,000.’
The turnover in question comprises predominantly of daytime trading patterns benefitting from the property’s close proximity to the aforementioned shopping centre, while additional custom is attracted as a result of a Sunday carvery, as well as both early evening and teatime trade.
Fully licensed to retail alcohol and offer recorded/live music, the property’s accommodation spec is as follows:
The ground floor accommodation benefits from superb character, and is presented in a traditional Victorian style with an updated, modern feel. There are two entrances leading into the trading accommodation. The main bar is to the front right-hand side with dark wood flooring, timber panels to walls, loose tables and chairs, while the second bar is similarly laid out but found to the left-hand side.
The ancillary accommodation includes a catering kitchen, ladies and gents toilets and an upland beer/cold store.
The private accommodation has three bedrooms, a kitchen, lounge, bathroom and an office.
With further investment expected in the surrounding area, the magnificent Punch Hotel really is a potentially outstanding business acquisition, so it’s no wonder the property’s current leaseholders are hesitant to let it go.
For more information on The Punch Hotel, please contact Fleurets Leisure Property Specialists by telephone: 0113 234 0304, or email: firstname.lastname@example.org, quoting the reference N-722107