182 Station Rd | Harpenden AL5 4UL
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182 Station Rd
Harpenden AL5 4UL
The Amble Inn · Retail Property For Sale
Investment Highlights
- Entire property let to Dhesi Pubs Limited.
- Property arranged over two levels extending to 1,936 Sq Ft (180 Sq M).
- Current rent of £53,550 per annum.
- We are instructed to invite offers in excess of £715,000 (7.10% NIY).
Executive Summary
The entire property is let to Dhesi Pubs Limited on a 20 year lease from 25 November 2022 at a current rent of £53,550 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £13,334 is held by the landlord.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
1,936 SF
Building Class
B
Year Built
1900
Price
£715,000
Price Per SF
£369
Net Initial Yield
7.10%
NOI
£50,765
Tenancy
Single
Number of Floors
2
Building FAR
0.11
Lot Size
0.40 AC
Parking
9 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
50 ft on Station Road
Amenities
- 24 Hour Access
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
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