22 Warwick St - Bar FOR SALE


Coventry, WMD CV5 6ET
$825,000 USD
22 Warwick St, Coventry, WMD for Sale
$825,000 USD
Bar - FOR SALE
1/7
null | 7.13% Cap Rate

22 Warwick St
Coventry, WMD CV5 6ET


HIGHLIGHTS

  • The property comprises the ground, basement and first floor of a two storey detached building with painted elevations beneath a pitched roof.
  • There is an enclosed customer area to the rear with seating on loose tables and chairs for 180 customers.
  • The Cottage is situated fronting Warwick Street within a mixed commercial and residential area.

OVERVIEW

The property comprises the ground, basement and first floor of a two storey detached building with painted elevations beneath a pitched roof. The entire property is let to Charles Wells Limited on a 20 year lease from 23 July2019 at a current rent of £62,066 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar 2% and a cap of 4% (except in the open market review year). A rent deposit of £14,621 is held by the landlord. The property is held freehold (Title Number WK75867). We are instructed to invite offers in excess of £825,000 (7.13% NIY)

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

7.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cottage

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,997 SF

ZONING

-

APN/PARCEL ID

WK75867

ASK ABOUT THIS PROPERTY

Stuart StaresSavillsMore Info

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