The Jolly Poacher 100 Ditchling Rd 1,913 SF Retail Building Brighton BN1 4SG £765,000 (£399.90/SF) 6.80% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold public house investment
- Business unaffected by sale
- Entire property let to La Planta Limited
EXECUTIVE SUMMARY
The property comprises the ground, basement and first floors of an end of terrace building with painted rendered elevations beneath a pitched and hipped roof.
The property is held freehold (Title Number SX133346).
The entire property is let to La Planta Limited on a 10 year lease from 30 March 2023 at a current rent of £55,072 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £13,927 is held by the landlord.
We are instructed to invite offers in excess of £765,000 (6.8% NIY)
The property is held freehold (Title Number SX133346).
The entire property is let to La Planta Limited on a 10 year lease from 30 March 2023 at a current rent of £55,072 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £13,927 is held by the landlord.
We are instructed to invite offers in excess of £765,000 (6.8% NIY)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,913 SF
Building Class
B
Year Built
1900
Price
£765,000
Price Per SF
£399.90
Net Initial Yield
6.80%
NOI
£52,020
Tenancy
Single
Number of Floors
2
Frontage
20 ft on London Rd
1 of 1
NEARBY MAJOR RETAILERS
CONTACTS
-
Chris Bickle -
Francis Meredith -
Savills
