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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.
- Lease contracted outside the Landlord and Tenant Act 1954 (Part II).
- Business unaffected by sale.
- 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, subject to a minimum increase of 2% and a maximum increase of 6%.
- We are instructed to invite offers in excess of £500,000 (8.34% NIY).
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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