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Ferry Boat Inn High St 3,786 sq ft Retail Property Washingborough LN4 1AZ £875,000 (£231.11/sq ft) 7.56% Net Initial Yield
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
Property Size
3,786 sq ft
Costar Property Class
B
Year Built
1789
Price
£875,000
Price per sq ft
£231.11
Yield
7.56%
NOI
£66,150
Tenancy
Single
Number of Floors
2
Plot ratio
0.16
Total Plot Size
0.54 ac
Frontage
55 ft on High St
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 2
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Ferry Boat Inn | High St
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