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The Oakley Arms 98 High Street St 3,121 sq ft Retail Property Bedford MK43 7BH £450,000 (£144.18/sq ft) 5.78% Net Initial Yield
Investment Highlights
- Harrold is a civil parish and electoral ward in the Borough of Bedford within Bedfordshire
- Occupiers close by include pubs, restaurant/takeaways and butcher, amongst others
- Comprises Grade II Listed public house
Executive Summary
Comprises Grade II Listed village pub with restaurant. The property includes 2-bed owner’s flat and additional 2-bed accommodation suitable for staff/letting purpose,
providing the following accommodation and dimensions:
Ground Floor: Bar & restaurant, snug bar, commercial kitchen, large beer garde.
First Floor: 2-Bed owner’s accommodation with lounge, 2 bathrooms and residential kitchen. Additional 2-bed guest/staff accommodation with bathroom and lounge .
Total area size 290 sq m (3,121 sq ft)
The property is at present let to Slater & Slater Pubs Co Ltd for a term of 6 years 11 months from 5th January 2021 at a current rent of £26,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 05.01.27 open market upward only. Rent review from 2024 outstanding. No breaks. Deposit held of £4,333.33.
providing the following accommodation and dimensions:
Ground Floor: Bar & restaurant, snug bar, commercial kitchen, large beer garde.
First Floor: 2-Bed owner’s accommodation with lounge, 2 bathrooms and residential kitchen. Additional 2-bed guest/staff accommodation with bathroom and lounge .
Total area size 290 sq m (3,121 sq ft)
The property is at present let to Slater & Slater Pubs Co Ltd for a term of 6 years 11 months from 5th January 2021 at a current rent of £26,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 05.01.27 open market upward only. Rent review from 2024 outstanding. No breaks. Deposit held of £4,333.33.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
3,121 sq ft
Year Built
1900
Price
£450,000
Price per sq ft
£144.18
Yield
5.78%
NOI
£26,000
Tenancy
Single
Number of Floors
2
Plot ratio
1.00
Total Plot Size
0.07 ac
Amenities
- Restaurant
- Storage Space
1 1
Nearby Major Retailers
1 of 2
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The Oakley Arms | 98 High Street St
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