The Sq
Cartmel LA11 6QB
Royal Oak · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Royal Oak is situated in the village centre upon the Main Square with the River Eea running to the rear.
- Located in the village of Cartmel in the county of Cumbria, 2.0 miles (3.2 kilometres) northwest of Grange-over Sands and 15.0 miles (24.1 kilometres)
- A popular holiday destination, close to the Lake District National Park, with nearby Cartmell racecourse.
EXECUTIVE SUMMARY
The property is held freehold (Title Number CU168090). The entire property is let to The Oak Cartmel Limited on a 10 year lease from 20
August 2021 at a current rent of £80,000 per annum which is subject to five yearly open market reviews. A rent deposit of £25,031 is held by the landlord. The lease has an option to purchase in favour of the tenant at £1,450,000 until 19th August 2026.
August 2021 at a current rent of £80,000 per annum which is subject to five yearly open market reviews. A rent deposit of £25,031 is held by the landlord. The lease has an option to purchase in favour of the tenant at £1,450,000 until 19th August 2026.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
3,892 SF
Building Class
C
Year Built
1750
Price
£1,085,000
Price Per SF
£278.78
Net Initial Yield
7%
NOI
£75,900
Tenancy
Single
Number of Floors
2
AMENITIES
- 24 Hour Access
