London Cocktail Club 37 Triangle W 2,391 SF Retail Building Bristol BS8 1ER $922,020 ($385.62/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.
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
$922,020
Price Per SF
$385.62
Tenancy
Single
Building Height
4 Stories
Building FAR
1.93
Lot Size
0.03 AC
Frontage
19’ on Triangle West
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Wheelchair Accessible
- Energy Performance Rating - D
- Air Conditioning
1 of 1
NEARBY MAJOR RETAILERS
CONTACTS
-
Adam Bullas -
Chris Bickle -
Savills
