Sailors Home, 302 Church Road, Lowestoft NR33 7SB33
£113.61 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,961 sq ft
368 sq m
- SECTOR
Pub for sale
- USE CLASSUse class orders: A4 Drinking Establishments
A4
Key features
- 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
- VAT is applicable to this property
- Occupiers nearby include number of local pubs/restaurants and holiday homes.
Description
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.
Brochures
Sailors Home, 302 Church Road, Lowestoft NR33 7SB33
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Oulton Broad South Station4.0 miles
- Lowestoft Station4.4 miles
- Oulton Broad North Station4.5 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
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