Log In/Sign Up
Your email has been sent.
Kings Head The Street 5,579 SF Retail Building Gosfield CO9 1TP $1,106,640 ($198.36/SF) 9.63% Cap Rate
Investment Highlights
- Freehold public house investment.
- Site extending to 0.287 acres.
- Current rent and tie release fee of £83,848 per annum.
- The rent and tie release fee are both subject to annual rent 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%.
- Business unaffected by sale.
- Entire property let to The Wild Pub Company Limited.
- Four bedroom managers accommodation at first floor.
- Lease expires August 2029.
- We are instructed to invite offers in excess of £825,000 (9.63% NIY).
Executive Summary
We are instructed to invite offers in excess of £825,000
The entire property is let to The Wild Pub Company Limited on a 5 year lease from 28 August 2024 at a current rent of £34,584 per annum and an annual tie release fee of
£49,264, which 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%. A rent deposit of £8,420 is held by the landlord. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
The entire property is let to The Wild Pub Company Limited on a 5 year lease from 28 August 2024 at a current rent of £34,584 per annum and an annual tie release fee of
£49,264, which 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%. A rent deposit of £8,420 is held by the landlord. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
5,579 SF
Building Class
C
Year Built
1450
Price
$1,106,640
Price Per SF
$198.36
Cap Rate
9.63%
NOI
$106,569
Tenancy
Single
Building Height
2 Stories
Building FAR
0.46
Lot Size
0.28 AC
Frontage
31’ on The Street
Amenities
- 24 Hour Access
- Restaurant
- Wheelchair Accessible
1 1
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Kings Head | The Street
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.