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3-5 Dundas St 3,000 sq ft Retail Property Saltburn By The Sea TS12 1AH £1,000,000 (£333.33/sq ft) 9.69% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Public House with Catering and Function Room
- 150 yards or so from the Railway Station
- The property is situated to the town centre
EXECUTIVE SUMMARY
The property is available as a freehold investment, with the pub leased on a 21-year lease that commenced in July 2015.
Public House with Catering and Function Room plus Letting Rooms and Living Accommodation.
Upper floors incorporating function suite, letting rooms and manager’s flat.
Let to Camerons Brewery on 21-year lease at £29,950 per year.
Public House with Catering and Function Room plus Letting Rooms and Living Accommodation.
Upper floors incorporating function suite, letting rooms and manager’s flat.
Let to Camerons Brewery on 21-year lease at £29,950 per year.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
3,000 sq ft
Year Built
1959
Price
£1,000,000
Price per sq ft
£333.33
Yield
9.69%
NOI
£96,884
Tenancy
Single
Number of Floors
2
Plot ratio
1.31
Total Plot Size
0.05 ac
Frontage
87 ft on Dundas Street East
AMENITIES
- 24 Hour Access
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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MATTERPORT 3D EXTERIOR
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3-5 Dundas St
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