40 St Peters St - Bar FOR SALE


Canterbury, KEN CT1 2BG
$1,275,000 USD
40 St Peters St, Canterbury, KEN for Sale
$1,275,000 USD
Bar - FOR SALE
1/11
null | 6.97% Cap Rate

40 St Peters St
Canterbury, KEN CT1 2BG


HIGHLIGHTS

  • Entire property let to A.B.V Bars Limited who operate 3 pubs in Canterbury
  • Property arranged over four levels: basement, ground, first and second floors
  • The fixtures and fittings are currently owned by the occupational tenant.

OVERVIEW

This freehold public house investment is fully let to A.B.V Bars Limited, who operate three pubs in Canterbury. The property is arranged over four levels, including the basement, ground, first, and second floors, and extends to a site of 0.044 acres. The current rent is £94,167 per annum, with the lease set to expire in January 2042. The rent is subject to five-yearly open market rent reviews and annual RPI increases, with a collar of 1% and a cap of 4%, except during the open market review year. A rent deposit of £22,500 is held by the landlord. The property is offered with a net initial yield (NIY) of 6.97%, and offers in excess of £1,275,000 are invited. The business remains unaffected by the sale, and the property is held freehold under Title Number K825776.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$846 USD /SF

CAP RATE

6.97%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Griffin

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

K825776,TT134931

ASK ABOUT THIS PROPERTY

Stuart StaresSavillsMore Info

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