Log In/Sign up
Your email has been sent.
Henry's & The Jailhouse 4 Joys Entry 4,418 sq ft 4-Star Retail Property Belfast BT1 4DR £3,500,000 (£792.21/sq ft) 5.40% Net Initial Yield
Investment Highlights
- accessed directly from Joy’s Entry
- property underwent a comprehensive refurbishment in July 2018
- heart of Belfast city centre
Executive Summary
The property is let in its entirety to 3 Wise Men Pubs Limited on a straight 20-year lease from 13th October 2017 at a current passing rent of £200,770 per annum. There are five yearly upwards only rent reviews linked to Retail Price Index (RPI). There is a fixed rental uplift of £55,000 on 1st January 2029. This is in addition to the RPI increases but not included for the purpose of those increases.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
4,418 sq ft
Costar Property Class
A
LoopNet Rating
4 Star
Year Built
1950
Price
£3,500,000
Price per sq ft
£792.21
Yield
5.40%
NOI
£189,000
Tenancy
Single
Number of Floors
3
Frontage
80 ft on Joy's Entry
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
Henry's & The Jailhouse | 4 Joys Entry
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.