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Stowey Arms Public House Blackthorne Rd 23,087 SF Retail Building Exminster EX6 8AT $905,295 ($39.21/SF) 8.85% Cap Rate
Executive Summary
The property comprises a freehold public house let on a 5-year lease from July 2024 to a private operator, producing a combined income of £62,402 per annum from rent and a tie-release fee.
The asset sits on a generous 0.508-acre site with extensive internal and external trading areas and on-site parking.
Offers are invited in excess of £670,000, reflecting an 8.85% NIY.
The asset sits on a generous 0.508-acre site with extensive internal and external trading areas and on-site parking.
Offers are invited in excess of £670,000, reflecting an 8.85% NIY.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
23,087 SF
Building Class
B
Year Built
1974
Price
$905,295
Price Per SF
$39.21
Cap Rate
8.85%
NOI
$80,119
Tenancy
Single
Building Height
2 Stories
Frontage
128’ on Blackthorne Rd
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Stowey Arms Public House | Blackthorne Rd
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