Three Colts 54 Princes Rd 2,500 SF Retail Building Buckhurst Hill IG9 5EE £1,100,000 (£440/SF) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold public house investment
- Lease expires December 2033
- Entire property let to a private individual
EXECUTIVE SUMMARY
The property comprises the ground, basement and first floor of a two storey corner building with painted rendered elevations beneath a pitched and hipped roof.
The property is held freehold (Title Number EX459277).
The entire property is let to to a private individual on a lease expiring 18 December 2033 at a current rent of £81,506 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £11,691 is held by the landlord.
The property is held freehold (Title Number EX459277).
The entire property is let to to a private individual on a lease expiring 18 December 2033 at a current rent of £81,506 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £11,691 is held by the landlord.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
2,500 SF
Year Built
1980
Price
£1,100,000
Price Per SF
£440
Net Initial Yield
7%
NOI
£77,000
Tenancy
Single
Number of Floors
2
Building FAR
0.38
Lot Size
0.15 AC
Frontage
25 ft on Princes Road
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NEARBY MAJOR RETAILERS
