Ye Olde Sun 11 Huntingdon St 2,226 SF Retail Building St Neots PE19 1BL £395,000 (£177.45/SF) 7.59% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold public house investment
- Entire property let to a private individual.
- We are instructed to invite offers in excess of £395,000 (7.59% NIY)
EXECUTIVE SUMMARY
The property comprises the ground and first floor of a two storey detached building with painted and timber elevations beneath a pitched roof. There is a small single storey outbuilding in the rear yard.
Ground Floor: The ground floor provides an open plan trading area with small dining room to the rear with a central bar servery and seating on loose tables, chairs and bench seating for 48 customers. Ancillary areas include a trade kitchen and customer WC’s.
First Floor: The first floor comprises manager’s accommodation providing two bedrooms, living room, bathroom, kitchen and office. Externally: There is a patio to the rear with seating on loose tables and chairs for 12 customers. There is also a small single storey outbuilding to the rear yard providing the beer cellar.
Ground Floor: The ground floor provides an open plan trading area with small dining room to the rear with a central bar servery and seating on loose tables, chairs and bench seating for 48 customers. Ancillary areas include a trade kitchen and customer WC’s.
First Floor: The first floor comprises manager’s accommodation providing two bedrooms, living room, bathroom, kitchen and office. Externally: There is a patio to the rear with seating on loose tables and chairs for 12 customers. There is also a small single storey outbuilding to the rear yard providing the beer cellar.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
2,226 SF
Building Class
B
Year Built
1902
Price
£395,000
Price Per SF
£177.45
Net Initial Yield
7.59%
NOI
£29,981
Tenancy
Single
Number of Floors
2
AMENITIES
- 24 Hour Access
- Security System
- Signage
- EPC - C
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
