STAG Canterbury Rd 7,156 SF Retail Building Challock TN25 4BB £1,050,000 (£146.73/SF) 7.83% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold public house investment
- Lease expires January 2043
- Entire property let to B Road Hunting Club Limited
EXECUTIVE SUMMARY
Freehold public house investment for sale let until January 2043 at a current rent of £87,024 per annum
The property is held freehold (Title Number K825975).
The entire property is let to B Road Hunting Club Limited on a 20 year lease from 16 January 2023 at a current rent of £87,024 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 £20,851 is held by the landlord.
We are instructed to invite offers in excess of £1,050,000 (7.83% NIY)
The property is held freehold (Title Number K825975).
The entire property is let to B Road Hunting Club Limited on a 20 year lease from 16 January 2023 at a current rent of £87,024 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 £20,851 is held by the landlord.
We are instructed to invite offers in excess of £1,050,000 (7.83% NIY)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
7,156 SF
Year Built
1890
Price
£1,050,000
Price Per SF
£146.73
Net Initial Yield
7.83%
NOI
£82,215
Tenancy
Single
Number of Floors
2
Building FAR
0.13
Lot Size
1.30 AC
Parking
50 Spaces (6.99 Spaces per 1,000 SF Leased)
Frontage
71 ft on Canterbury Road
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