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The White Horse Sean Dyke Way 3,199 SF Retail Building Grimsby DN36 5SA $725,469 ($226.78/SF) 7.57% Cap Rate
Investment Highlights
- Freehold public house investment.
- Site extending to 0.703 acres.
- Lease expires September 2029.
- Lease contracted outside the Landlord and Tenant Act 1954 (Part II).
- Business unaffected by sale.
- Entire property let to a private individual.
- Current total income is £43,664 per annum, comprising rent and tie release fee.
- The rent and tie release fee are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%.
- We are instructed to invite offers in excess of £500,000 (8.34% NIY).
Executive Summary
The property comprises the basement, ground and first floor of a two storey detached public house with painted rendered elevations beneath a pitched tiled roof.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
3,199 SF
Building Class
C
Year Built
1890
Price
$725,469
Price Per SF
$226.78
Cap Rate
7.57%
NOI
$54,918
Tenancy
Single
Building Height
2 Stories
Building FAR
0.10
Lot Size
0.71 AC
Frontage
44’ on Swaby Mews
Amenities
- Storage Space
- Smoke Detector
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The White Horse | Sean Dyke Way
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