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The White Horse Sean Dyke Way 3,199 sq ft Retail Property Grimsby DN36 5SA £550,000 (£171.93/sq ft) 7.57% Net Initial Yield



Investment Highlights
- Freehold public house investment
- Site extending to 0.703 acres
- Lease expires September 2029
- Entire property let to a private individual
- Current total income is £43,664 per annum, comprising rent and tie release fee
- The rent and tie release fee are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months
Executive Summary
The property comprises the basement, ground and first floor of a two storey detached public house with painted rendered elevations beneath a pitched tiled roof.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
3,199 sq ft
Costar Property Class
C
Year Built
1890
Price
£550,000
Price per sq ft
£171.93
Yield
7.57%
NOI
£41,635
Tenancy
Single
Number of Floors
2
Plot ratio
0.10
Total Plot Size
0.71 ac
Frontage
44 ft on Swaby Mews
Amenities
- Storage Space
- Smoke Detector
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The White Horse | Sean Dyke Way
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