37 Triangle W - Bar FOR SALE


Bristol, BST BS8 1ER
$695,000 USD
37 Triangle W, Bristol, BST for Sale
$695,000 USD
Bar - FOR SALE
1/8
null | Request Cap Rate

37 Triangle W
Bristol, BST BS8 1ER


HIGHLIGHTS

  • Freehold public house investment.
  • Entire property let to The London Cocktail Club Limited who are ultimately owned by Nightcap Plc.
  • 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.
  • Lease expires February 2049.
  • Business unaffected by sale.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

London Cocktail Club

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,242 SF

ZONING

-

APN/PARCEL ID

AV224589

ASK ABOUT THIS PROPERTY

Adam BullasSavillsMore Info

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