16th century, three-story, 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
- Asking Price:
- £195,000
- Turnover:
- Not applicable
- Net Profit:
- Not applicable
Property Information
- Property:
-
Freehold
- Living Accommodation:
-
OWNERS ACCOMMODATION
FIRST FLOOR
LOUNGE. KITCHEN/DINER with utility room/boiler cupboard.SECOND/TOP FLOOR
TWO DOUBLE BEDROOMS. BATHROOM.
- Location:
-
The Grapes is situated in the Leicestershire market town of Melton Mowbray, located 19 miles north-east of Leicester, 15 miles east of Loughborough, and 20 miles south-east of Nottingham. It lies on the River Eye and the River Wreake. The town is best known for its culinary speciality, the Melton Mowbray pork pie, and as the home of one of the six licensed makers of Stilton cheese. Melton Mowbray is promoted as Britain's ‘Rural Capital of Food’.
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-story, corner terrace, part brick, part stone building underneath a pitched tile roof.
- Premises Details:
-
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.
