Freehold public house & retail investment for sale let until March 2043 and November 2033 respectively with a combined rent of £67,338 pa
The entire pub is let to a private individual on a 20 year lease from 2 March 2023 at a current rent of £54,338 per annum which is subject to five yearly open market reviews and annual uncapped RPI increase (except in the open market review year). A rent deposit of £12,969 is held by the landlord.
The entire retail unit is let to two private individuals on a 10 year lease from 1 December 2023 at a current rent of £13,000 per annum which is subject to a rent review in year five. There is a mutual break option on 3 November 2025 upon providing not less than 3 months' notice.
The property is held freehold (Title Number HD338732).