Basic Facts
Property ID:
15302
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Post Updated:
2023-06-19 14:47:43
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Status:
Sold
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Type:
Pub
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Tenure:
Freehold
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Area:
603 sq ft
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Gross Rent:
£ 12,000
|
Gross Yield %:
6
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Lease Term:
10 years
|
Lease Term Expiry Date:
01/07/28
|
Years left on Lease:
4.2
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VAT applicable:
No
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Property Description
- Freehold, retail investment in St. Albans
- Ground floor is 365 sq ft, 1st floor is 238 sq ft & basement is 93 sq ft
Location Description
- The property is located on the High St
- Nearby landmarks includes: Tesco Express, St Helens Primary School & Manor Pharmacy
Tenancy & Additional Notes
- Let to Farr Brew Limited for 10 years from 1st July 2018 for £12,000 p.a.
- Rent review & TBO is due on 1st July 2023
- Imminent rental income increase up to £15,000 p.a. in 2023
- The retailer (www.farrbrew.com) operate as a brewery, creating award winning ales and supplying the local people with great tasting beers