Quintrell Inn 2 North Way 1,964 SF Retail Building Newquay TR8 4LA £1,250,000 (£636.46/SF) 7.40% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold public house
- Painted rendered elevations beneath a pitched and hipped roof
- Two storey detached building
EXECUTIVE SUMMARY
Available for £1,250,000, NIY 7.4%
The entire property is let to a private individual on a 20 year lease from 14th September 2018 at a current rent of £97,965 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in an open market review year). A rent deposit of £23,621 is held by the landlord.
The entire property is let to a private individual on a 20 year lease from 14th September 2018 at a current rent of £97,965 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in an open market review year). A rent deposit of £23,621 is held by the landlord.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,964 SF
Year Built
1900
Price
£1,250,000
Price Per SF
£636.46
Net Initial Yield
7.40%
NOI
£92,500
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
1.41 AC
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