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Harbour Moon Inn Quay Rd 5 Room Hotel Looe PL13 2BX £1,020,000 (£204,000/Room) 7.22% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold public house & retail investment.
- Property arranged over three levels extending to 5,056 Sq Ft (470 Sq M).
- Five letting rooms at first floor.
- Lease expires February 2040.
- We are instructed to invite offers in excess of £1,020,000 (7.22% NIY).
- Entire property let to two private individuals.
- Site extending to 0.22 acres.
- Current rent of £77,870 per annum.
- The rent is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year).
- Business unaffected by sale.
EXECUTIVE SUMMARY
We are instructed to invite offers in excess of £1,020,000 (7.22% NIY)
The entire property is let to two private individuals on a 20 year lease from 10 February 2020 at a current rent of £77,870 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £10,954 is held by the landlord.
The entire property is let to two private individuals on a 20 year lease from 10 February 2020 at a current rent of £77,870 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £10,954 is held by the landlord.
PROPERTY FACTS
| Price | £1,020,000 | Costar Property Class | B |
| Price Per Room | £204,000 | Total Plot Size | 0.22 ac |
| Sale Type | Investment | Property Size | 4,631 sq ft |
| Yield | 7.22% | No. Rooms | 5 |
| Tenure | Freehold | No. Floors | 2 |
| Property Type | Hospitality | Year Built | 1880 |
| Property Subtype | Hotel |
| Price | £1,020,000 |
| Price Per Room | £204,000 |
| Sale Type | Investment |
| Yield | 7.22% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 0.22 ac |
| Property Size | 4,631 sq ft |
| No. Rooms | 5 |
| No. Floors | 2 |
| Year Built | 1880 |
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | sq ft |
|---|---|---|---|
| Guest Room | 5 | £103.00 | - |
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Harbour Moon Inn | Quay Rd
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