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Hope & Anchor 13 St. Michaels Ln

5,240 SF Retail Building Bridport DT6 3RA $711,973 CAD ($136 CAD/SF) 9.72% Cap Rate

Investment Highlights

  • Public house
  • Open plan trading space
  • Principle building of a two storey end of terrace pub

Executive Summary

The property is available freehold for title DT317522. Within this title there are two residential properties that have been sold off on long leases, both until December 2130. We are advised the freeholder receives a ground rent of £300 per annum for these two units. The landlord insures the premises and recharges the pub monthly and residential units annually. The pub lease expired in March 2024 with the
current tenant holding over and considering tenancy at will terms at passing rent. Please note that the area shaded blue on the title is at first floor and in the ownership of the adjoining property.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
5,240 SF
Building Class
B
Year Built
1900
Price
$711,973 CAD
Price Per SF
$136 CAD
Cap Rate
9.72%
NOI
$69,204 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.36
Lot Size
0.09 AC
Frontage
112 ft on Saint Michael's Lane

Amenities

  • Bus Line

Nearby Major Retailers

Waitrose & Partners
National Westminster Bank Plc
Coffee #1
SPAR
Londis
Co-Op
Morrisons
Lidl
  • Listing ID: 33080619

  • Date on Market: 2024-09-06

  • Last Updated:

  • Address: 13 St. Michaels Ln, Bridport DT6 3RA

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