Red Well Inn Hamire Rd 8 Room Hotel Barnard Castle DL12 8QJ $1,147,657 CAD ($143,457 CAD/Room) 7.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Public transport access
- Beer garden
- Signage
EXECUTIVE SUMMARY
The entire property is let to Buckley Taverns Limited on a 20 year lease from 4 March 2022 at a current rent of £49,565 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £11,861 is held by the landlord.
PROPERTY FACTS
| Price | $1,147,657 CAD |
| Price Per Room | $143,457 CAD |
| Sale Type | Investment |
| Cap Rate | 7.55% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.46 AC |
| Building Size | 3,250 SF |
| No. Rooms | 8 |
| No. Stories | 2 |
| Year Built | 1800 |
| Parking Ratio | 7.13/1,000 SF |
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 8 | $139.56 CAD | - |
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