Free house for sale in Hull

This property is marketed by:
Sidney Phillips

Key Features:

• Located on the busy A165 Holderness Road, Hull
• 3 Storey semi-detached bar & function suite
• Main bar (100) & function suite (170)
• £30,800 total rental income - 10%+ Yield
• 3 bed owners accommodation & parking spaces (2)
• Commercial kitchen & ground-floor cellar
• Business rates exempt - Investment sale.

Location

The Ritz Cabaret Bar and Function room, situated on the popular Holderness Road. Located in the heart of a retail and residential area, just north off the city centre. The property is an ideal site for anyone looking for an excellent investment opportunity. 

The Ritz Cabaret Showbar & Function Suite occupies a three-storey semi-detached brick building underneath a tiled roof. The property benefits from a prominent location on the busy A165 Holderness Road, Hull, with a bus stop directly outside the front of the property.

Property

GROUND FLOOR

Entrance Hall then directly into the Main Bar, which has seating for 100 covers, part laminate, part tiled flooring, ceiling lights, wall lights, exposed brick feature walls, DJ Booth and Stage, TVs screens, projector and PA system with effect lighting and speakers.

The SERVERY is fully equipped with modern till system, large selection of draught beverages, well stocked bar and drinks fridges. 

The main bar area gives access to the Inner Hall, which leads to the Function Suite and a Private Office. 

Male and Female WCs and Stairs leading up to the first-floor private accommodation and first-floor function suite. 

The ground-floor Function Suite, has seating for 170 covers, includes a stage area with effect lighting, wall lights, fixed buffet table, part laminate, part carpeted flooring, wall lights and ceiling lights. 

Access to Disabled WCs with baby-changing facilities. 

Dressing room and wooden main bar servery with granite worktops, leading onto a Commercial Kitchen that includes a service hatch, tiled flooring, extractor canopy, partly tiled walls, stainless-steel work surfaces, commercial microwave, double deep-fat fryer, six-burner gas hob and oven, stainless-steel fridge, ice machine, stainless-steel sink and drainer, shelving. 

Also off the rear hall is access to a Storeroom, Cleaning Cupboard and ground-floor Cellar, with dispense system.

FIRST FLOOR

Accommodation including One Double Bedroom, Lounge (recently fitted 2018), Wren Kitchen, Bathroom with shower facilities. There is also a section on the first floor (currently not in use) which is in need of development to include a function room, toilet and two reception rooms (could easily be developed into a second function room, as emergency lighting and fire alarm are already fitted within these areas).

Private letting apartment comprising one double bedroom with en-suite, kitchen & living room.

SECOND FLOOR

Two Large Double Bedrooms and Store Cupboard.

OUTSIDE

Rear Private Owner’s Car Parking Space (2). Front Trade Patio enclosed with wrought-iron fencing. (12)

The Business

The property is currently leased out with an income of £26,000per annum and offers an excellent rental yield. 

The business is known locally for its entertainment nights, where it hosts a number of variety and musical acts and karaoke evenings as well as regular celebratory events, including weddings, birthdays and christenings.