The Canute, 12-14 Silver Street, Gainsborough
£53.47 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
7,481 sq ft
695 sq m
- SECTOR
Leisure facility for sale
Key features
- High Yielding Pub Investment
- Let to Stonegate Pub Company
- Lease Expires 30/03/2035 - 10 Years Unexpired
- Outstanding Rent Review from 2020
- 7,481 sq ft (694.98 sq m)
- High Footfall Pedestrianised Pitch
- Rear Garden with Access to Public Car Park
- Eight Week Completion Available
- Investment Let at £57,000 p.a. (14.25% GIY on Guide Price)
Description
Arranged across ground and first floors, the property is fully let to Stonegate Pub Company Limited, trading as The Canute. The lease is for a term of 30 years expiring 30/03/2035 and paying £57,000 per annum.
The property comprises seating and a bar area to the ground floor with kitchen and ancillary areas to the first floor. The property benefits from a rear garden which is accessed both through the pub and from The Ship car park to the rear (52 public spaces). The premises benefit from a late license to 2am on Friday and Saturday.
The property benefits from a prominent pitch, fronting the pedestrianised Silver Street, which is immediately south of the Market Place; the focal point of retail amenity in Gainsborough. Nearby occupiers include Boots, Superdrug and Olrids Department Store, with nearby pubs including the White Horse and Sweyn Forkbeard (JD Wetherspoons).
Brochures
The Canute, 12-14 Silver Street, Gainsborough
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gainsborough Central Station0.3 miles
- Gainsborough Lea Road Station1.0 miles
Notes
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