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Ferry Boat Inn High St 3,786 SF Retail Building Washingborough LN4 1AZ $1,191,050 ($314.59/SF) 7.56% Cap Rate
Investment Highlights
- Freehold public house investment
- The Ferry Boat is situated fronting the High Street within a predominantly residential area. Nearby occupiers include the Hunters Leap (Stonegate)
- Property arranged over two levels:
Executive Summary
We are instructed to invite offers in excess of £875,000 (7.56% NIY)
The entire property is let to Ever So Sensible Restaurants Limited on a 20 year lease from 1 June 2022 at a current rent of £69,831 per annum, which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and a cap of 4% (except in the open market review year). A rent deposit of £34,219 is held by the landlord
The entire property is let to Ever So Sensible Restaurants Limited on a 20 year lease from 1 June 2022 at a current rent of £69,831 per annum, which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and a cap of 4% (except in the open market review year). A rent deposit of £34,219 is held by the landlord
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
3,786 SF
Building Class
B
Year Built
1789
Price
$1,191,050
Price Per SF
$314.59
Cap Rate
7.56%
NOI
$90,043
Tenancy
Single
Building Height
2 Stories
Building FAR
0.16
Lot Size
0.54 AC
Frontage
55’ on High St
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 2
Videos
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Photos
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Ferry Boat Inn | High St
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