69 St. Owen St
Hereford HR1 2JQ
Barrels · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Freehold public house investment
- Entire property let to Wye Valley Brewery who operate 7 pubs
- Lease expires February 2033
EXECUTIVE SUMMARY
Freehold public house investment for sale let until February 2033 at a current rent of £71,321 per annum
The entire property is let to Erasmus Inns Limited on a lease expiring 27 February 2033 at a current rent of £71,321 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £10,363 is held by the landlord.
The property is Grade II Listed and is situated within the Hereford Central Conservation Area.
The entire property is let to Erasmus Inns Limited on a lease expiring 27 February 2033 at a current rent of £71,321 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £10,363 is held by the landlord.
The property is Grade II Listed and is situated within the Hereford Central Conservation Area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
7,725 SF
Year Built
1900
Price
£895,000
Price Per SF
£115.86
Net Initial Yield
7.54%
NOI
£67,483
Tenancy
Single
Number of Floors
4
Building FAR
1.17
Lot Size
0.15 AC
Parking
5 Spaces (0.65 Spaces per 1,000 SF Leased)
Frontage
53 ft on Saint Owen's Street
