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Lincolnshire Poacher 11 Double St 7,158 sq ft Retail Property Spalding PE11 2AA £380,000 (£53.09/sq ft)
INVESTMENT HIGHLIGHTS
- Spalding is a market town on the River Welland in the South Holland district of Lincolnshire, England
- The service provide convenient access to Peterborough for employment and shopping.
- Spalding railway station is situated on the Lincoln Central - Peterborough railway line, operated by East Midlands Railway.
EXECUTIVE SUMMARY
Comprises large public house with 7-bedrooms, suitable for letting rooms or staff accommodation, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, commercial kitchen, games area, large patio at rear for c.20 covers, customer wc`s
First Floor: 7-bedroom staff or letting accommodation, kitchen, bathroom
Total GIA: 665 sq m (7,158 sq ft)
The property is at present let to HIR Foods Ltd (with personal guarantee) for a term of 6 Years and 11 Months from 1st May 2024 at a current rent of £25,740 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.05.27 and 01.05.30 open market upward only. No breaks. Lease within Landlord & Tenant Act 1954. Deposit held of £5,500
Ground Floor: Open plan bar & restaurant, commercial kitchen, games area, large patio at rear for c.20 covers, customer wc`s
First Floor: 7-bedroom staff or letting accommodation, kitchen, bathroom
Total GIA: 665 sq m (7,158 sq ft)
The property is at present let to HIR Foods Ltd (with personal guarantee) for a term of 6 Years and 11 Months from 1st May 2024 at a current rent of £25,740 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.05.27 and 01.05.30 open market upward only. No breaks. Lease within Landlord & Tenant Act 1954. Deposit held of £5,500
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
7,158 sq ft
Costar Property Class
B
Year Built
1800
Price
£380,000
Price per sq ft
£53.09
Tenancy
Single
Number of Floors
2
Plot ratio
1.79
Total Plot Size
0.09 ac
Frontage
50 ft on Double Street
AMENITIES
- Restaurant
- Storage Space
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NEARBY MAJOR RETAILERS
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Lincolnshire Poacher | 11 Double St
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