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Stowey Arms Public House Blackthorne Rd 23,087 sq ft Retail Property Exminster EX6 8AT £670,000 (£29.02/sq ft) 8.85% Net Initial Yield
Executive Summary
The property comprises a freehold public house let on a 5-year lease from July 2024 to a private operator, producing a combined income of £62,402 per annum from rent and a tie-release fee.
The asset sits on a generous 0.508-acre site with extensive internal and external trading areas and on-site parking.
Offers are invited in excess of £670,000, reflecting an 8.85% NIY.
The asset sits on a generous 0.508-acre site with extensive internal and external trading areas and on-site parking.
Offers are invited in excess of £670,000, reflecting an 8.85% NIY.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
23,087 sq ft
Costar Property Class
B
Year Built
1974
Price
£670,000
Price per sq ft
£29.02
Yield
8.85%
NOI
£59,295
Tenancy
Single
Number of Floors
2
Frontage
128 ft on Blackthorne Rd
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Stowey Arms Public House | Blackthorne Rd
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