Leicestershire - Busy Town Centre Wet-led Pub 9.2% Investment Yield
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- 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
- 16th century, three storey, wet-led public house
- Town centre location adjacent to the marketplace
- Open plan bar (60) and front trade patio (12)
- Sizeable basement cellar and first floor kitchen
- Accommodation comprising two double bedrooms
- £18,000 rent - 9.2% asking price investment yield
Description
The nearest train station to the property can be found only a short walk away on Burton Street. The station runs on the Birmingham to Peterborough Line between the city of Leicester and the Rutland town of Oakham. Regular bus services facilitate travel to the nearby towns of Loughborough and Grantham as well as the cities of Leicester and Nottingham. The nearest airport is East Midlands Airport which is located 23.6 miles north-west. The town benefits from a variety of notable landmarks and amenities such as the Melton Carnegie Museum which documents the town's history, the Twinlakes Theme Park (located 0.5 miles north-east) and the Waterfield Leisure Centre.
The Grapes, which is purported to date back to the 16th century, is situated within the town centre, adjacent to the busy Market Place. It occupies a Grade II listed, three-storey, corner terrace, part brick, part stone building underneath a pitched tile roof.
TRADE AREAS
ENTRANCE HALL providing access to the first floor and entry to the open plan MAIN BAR with combined seating for 60, part carpet, part wooden flooring, wooden main bar servery and access to both LADIES' and GENTLEMEN'S TOILETS and a rear entrance hall. BASEMENT CELLAR comprising 3 distinct rooms and an external barrel drop.
OWNERS ACCOMMODATION
FIRST FLOOR
LOUNGE. KITCHEN/DINER with utility room/boiler cupboard.
SECOND/TOP FLOOR
TWO DOUBLE BEDROOMS. BATHROOM.
EXTERNAL
Pavement licence permitting a FRONT TRADE PATIO with bench seating for 12.
The Grapes trades under tenanted operation as a traditional, wet-led, town centre public house. The venue hosts a variety of events which include live music, bike nights and celebratory functions. A sizeable drinks selection is on offer with the premises being popular for its outdoor seating adjacent to Market Place.
Trade accounts are not available for assessment. No trade is sold or warranted.
THE BUSINESS IS UNAFFECTED BY THE SALE.
Leicestershire - Busy Town Centre Wet-led Pub 9.2% Investment Yield
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Melton Mowbray Station0.2 miles
About Sidney Phillips Limited, East
Shepherds Meadow, Eaton Bishop, HR2 9UA
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 leasehol
Notes
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