Log In/Sign up
Your email has been sent.
Golden Ball 2 Cromwell Rd 2,061 sq ft Retail Property York YO1 6DU £575,000 (£278.99/sq ft) 8% Net Initial Yield
Investment Highlights
- Freehold public house investment.
- Property arranged over three levels extending to 2,772 Sq Ft (258 Sq M).
- Current rent of £48,343 per annum.
- The rent is subject to five yearly open market reviews and annual RPI increases with a collar of 1% and cap of 4% (except in the open market review year).
- Business unaffected by sale.
- Entire property let to the Golden Ball Co-operative Limited.
- Site extending to 0.09 acres.
- Lease expires July 2043.
- We are instructed to invite offers in excess of £575,000 (8.0% NIY).
Executive Summary
We are instructed to invite offers in excess of £575,000 (8.0% NIY)
The entire property is let to The Golden Ball Co-Operative Limited on a 20 year lease from 28 July 2023 at a current rent of £48,343 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 1% and cap of 4% (except in the open market review year). A rent deposit of £23,635 is held by the landlord.
The entire property is let to The Golden Ball Co-Operative Limited on a 20 year lease from 28 July 2023 at a current rent of £48,343 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 1% and cap of 4% (except in the open market review year). A rent deposit of £23,635 is held by the landlord.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
2,061 sq ft
Costar Property Class
C
Year Built
1879
Price
£575,000
Price per sq ft
£278.99
Yield
8%
NOI
£46,000
Tenancy
Single
Number of Floors
2
Plot ratio
0.53
Total Plot Size
0.09 ac
Frontage
25 ft on Cromwell Road
Amenities
- 24 Hour Access
1 1
Nearby Major Retailers
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Golden Ball | 2 Cromwell Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.