Splendid-sounding place for nuts, perhaps? (5)

I believe the answer is:

grate

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'place for nuts perhaps?' is the definition.
I can't judge whether this definition defines the answer.

'splendid-sounding' is the wordplay.
'splendid' becomes 'great' (I've seen this in another clue).
'sounding' indicates a 'sounds like' (homophone) clue.
'great' is a homophone of 'GRATE'.

Can you help me to learn more?

(Other definitions for grate that I've seen before include "Firebasket" , "Jar; fireplace" , "Reduce to small shreds" , "Shred - jar" , "Rasp; shred" .)

I've seen this clue in The Times.

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