Available
Egremont – Public House
The Black Bull, 28 Market Place, Egremont, Cumbria CA22 2AGFreehold Public House Investment
Price
£200,000
Rent P.A.
£14,300
Yield
7.15%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
3y
Area
2,690 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises public house with bar & restaurant and 3-bedroom owner`s accommodation above
- Occupiers close by include McColls, Age UK, Bupa and restaurant/takeaways, amongst others.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises public house arranged as a ground floor open plan bar with restaurant seating and commercial kitchen. First floor includes 3-bed owner`s accommodation. The property benefits from beer garden at rear and provides the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, kitchen, beer garden, wc`s
First Floor: 3 bedrooms, kitchen/living room, bathroom
Basement: Cellar
Total GIA: 250 sq m (2,690 sq ft)
Ground Floor: Open plan bar & restaurant, kitchen, beer garden, wc`s
First Floor: 3 bedrooms, kitchen/living room, bathroom
Basement: Cellar
Total GIA: 250 sq m (2,690 sq ft)
Tenancy Description
The property is at present let to 365 Management Solutions Ltd (with personal guarantee) for a term of 6 Years 11 Months from 25th May 2021 at a current rent of £14,300 per annum and the lease contains full repairing and insuring covenants. Rent review from 2024 outstanding. Rent review on 25.05.27 open market upward only.
Tenancies & Accommodation
Location Description
Egremont is a market town, civil parish and two electoral wards in Cumbria, historically part of Cumberland, it is situated just outside the Lake District National Park. It is located 5 miles (8.0 km) south of Whitehaven and on the River Ehen. Occupiers close by include McColls, Age UK, Bupa, amongst a number of takeaways, pubs, and butchers.
