79-81 High Rd - Storefront Retail/Residential FOR SALE


Bushey, HRT WD23 1EL
$880,000 USD
79-81 High Rd, Bushey, HRT for Sale
$880,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 7.25% Cap Rate

79-81 High Rd
Bushey, HRT WD23 1EL


HIGHLIGHTS

  • Located in the town of Bushey in the county of Hertfordshire
  • The Meze Mangal is situated fronting High Road (A4140) in a mixed residential and commercial area
  • Nearby occupiers include Esso Petrol Station, Tesco Express, Harvester (Mitchells & Butlers) and a number of independent retailers.

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,169 SF

ZONING

-

APN/PARCEL ID

HD338732

ASK ABOUT THIS PROPERTY

Paul BreenSavillsMore Info

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