Quintrell Inn | 2 North Way
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Quintrell Inn 2 North Way
1,964 SF Retail Building Newquay TR8 4LA $1,584,284 ($807/SF) 7.40% Cap Rate
Investment Highlights
- Freehold public house
- Painted rendered elevations beneath a pitched and hipped roof
- Two storey detached building
Executive Summary
Available for £1,250,000, NIY 7.4%
The entire property is let to a private individual on a 20 year lease from 14th September 2018 at a current rent of £97,965 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in an open market review year). A rent deposit of £23,621 is held by the landlord.
The entire property is let to a private individual on a 20 year lease from 14th September 2018 at a current rent of £97,965 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in an open market review year). A rent deposit of £23,621 is held by the landlord.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,964 SF
Year Built
1900
Price
$1,584,284
Price Per SF
$807
Cap Rate
7.40%
NOI
$117,237
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Land Acres
1.41 AC
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Quintrell Inn | 2 North Way
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