Summary - CITY HALL, QUEEN VICTORIA SQUARE HU1 3RQ
1 bed 1 bath Restaurant
Rare, large town-centre restaurant with outdoor seating and strong trading history.
- Extremely large internal area approx. 8,611 sq ft
- Prominent Queen Victoria Square town-centre position
- Large outside seating area boosting covers and summer trade
- Modern, high-ceiling dining room with contemporary finishes
- Established business with proven trading history (accounts available)
- Leasehold: c.13 years remaining; lenders likely to refuse standard mortgages
- High annual rent/ground rent £75,000 p.a.; significant running cost
- Very high local crime rate and very slow broadband speeds
A rare, large leasehold restaurant located in the heart of Queen Victoria Square, trading successfully with an established customer base and a prominent town-centre position. The property benefits from very large internal space (around 8,611 sq ft), a substantial outside seating area and a modern, high-ceiling dining room that suits full-service or destination hospitality use.
This sale is for the business and the lease, with reported strong trading history and close proximity to tourist attractions, theatres and retail amenities that drive footfall. The site offers clear upside for an operator able to capitalise on events and nearby leisure/leisure-led businesses.
Buyers should note material constraints: the lease has limited term remaining (about 13 years) with an annual rent/ground rent of £75,000 and lenders may refuse mortgage finance on the tenancy. The area records very high crime levels and local broadband speeds are very slow, which may affect delivery and online booking operations.
Overall this is best suited to an experienced operator or investor who can fund a cash purchase, manage higher occupational costs, and exploit the unit’s size and prime central location to maintain or grow current trading levels.
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