A Hull pub which is popular on football and rugby match days has been put up for sale.
The Clarendon Hotel, based off the Spring Bank and close to the city centre, has welcomed thousands of sporting fans over the last 16 years thanks to its close proximity to the MKM stadium. Now, the three-storey public house – which has no less than four beer gardens – has been put on the market with a £500,000 asking price, as the owners look to retire from the pub trade.
The owners have enlisted property specialists from Sidney Phillips to market the pub, which also comes with five apartments all currently let to tenants. And the property company says that the big boozer, known for its entertainment facilities and pool table, could also be developed further, within the pub’s boundaries.
Based on the first and second floors are the five flats, leased on long term, assured shorthold tenancy agreements, bringing in rental income of around £36,000 including bills.
A spokesman for Sidney Philips said: “The entire pub is presented to a high standard with double glazed windows throughout, whilst retaining some of its original Victorian charm.
“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.”