Pub/bar for sale in Church Road, Lowestoft NR33

Fixed price £450,000 (£113.61/sq. ft)

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Lowestoft - Sailors Home, 302 Church Road, Suffolk Nr33 7Sb

Interested in this property? Call +44 20 3641 9157 * or Request Details

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Pub/bar for sale 3,961 sq. ft*
Tenure: Not available Council tax band: Not available

Property features

  • Freehold Public House Investment
  • Comprises ground floor public house with garden and car park
  • 5-bedroom staff accommodation at first floor
  • Let on a lease expiring 2030 (no breaks)
  • Tenant in occupation since 2005
  • Coastal trading location in holiday destination
  • Occupiers nearby include number of local pubs/restaurants and holiday homes.

Property description

Investment Consideration:
Purchase Price: £450,000
Gross Initial Yield: 5.55%
Rental Income: £25,000 p.a.
VAT is applicable to this property
Comprises ground floor public house with garden and car park and 5-bedroom staff accommodation at first floor.
Let on a lease expiring 2030 (no breaks)
Tenant in occupation since 2005
Site area of approx. 0.17 ha (0.427 acres)
Coastal trading location in holiday destination
Occupiers nearby include number of local pubs/restaurants and holiday homes.

Property Description:
Comprises ground floor public house with garden and car park and 5-bedroom staff accommodation at first floor.
The property provides the following accommodation and dimensions:
Ground Floor: Bar, Dining areas, Garden and Car Park
First Floor: 5-bed staff accommodation

Tenancy:
The entire property is at present let to bc Poppy, sj Poppy & pc Poppy for a term of 20 years from 5th April 2010 at a current rent of £25,000 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent review in 2025. April 2020 rent review outstanding.

Location:
Lowestoft is a well-established resort and port located on the North Sea coast. The town is some 38 miles north-east of Ipswich on the A12 and 28 miles south-east of Norwich on the A146. The property is situated on the coast, in the village of Kessingland, approximately 5 miles south of Lowestoft. White House Beech Caravan Site is 200 metres from the property and Kessingland Beech and Holiday Park is approximately 500 metres. Occupiers nearby include number of local pubs/restaurants and holiday homes.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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