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London Cocktail Club 37 Triangle W

2,391 SF Retail Building Bristol BS8 1ER $863,547 ($361/SF)

Investment Highlights

  • Freehold public house investment.
  • We are instructed to invite offers in excess of £695,000 (6.2% NIY) and a reversionary yield of 6.5% in 2026 and 6.8% in 2027.
  • Business unaffected by sale.
  • Entire property let to The London Cocktail Club Limited who are ultimately owned by Nightcap Plc.
  • Lease expires February 2049.

Executive Summary

The property comprises the ground, basement and two upper floors of a three storey end of terrace building with painted rendered elevations beneath a pitched and hipped roof.
The entire property is let to The London Cocktail Club Limited on a 25 year lease from 14 February 2024 at a current rent of £45,000 per annum, with stepped increases to £47,500 per annum from 14 February 2026 and £50,000 per annum from 14 February 2027 which is also subject to five yearly open market reviews thereafter. A rent deposit of £22,500 is held by the landlord.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
2,391 SF
Building Class
B
Year Built
1900
Price
$863,547
Price Per SF
$361
Tenancy
Single
Building Height
4 Stories
Building FAR
1.93
Lot Size
0.03 AC
Frontage
19 FT on Triangle West

Amenities

  • 24 Hour Access
  • Security System
  • Signage
  • Wheelchair Accessible
  • Energy Performance Rating - D
  • Air Conditioning

Nearby Major Retailers

Costa Coffee
SOHO Coffee Co.
KOKORO
National Westminster Bank Plc
Wagamama
Five Guys
Sainsbury's
Lloyds Bank Plc
Waitrose & Partners
Caffè Nero
  • Listing ID: 33294197

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 37 Triangle W, Bristol BS8 1ER

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