Black Griffin 40 St Peters St Local commercial 140 m² À vendre Canterbury CT1 2BG 1 516 488 € (10 831,68 €/m²) Taux de capitalisation 6,97 %

This freehold public house investment is fully let to A.B.V Bars Limited, who operate three pubs in Canterbury. The property is arranged over four levels, including the basement, ground, first, and second floors, and extends to a site of 0.044 acres. The current rent is £94,167 per annum, with the lease set to expire in January 2042. The rent is subject to five-yearly open market rent reviews and annual RPI increases, with a collar of 1% and a cap of 4%, except during the open market review year. A rent deposit of £22,500 is held by the landlord. The property is offered with a net initial yield (NIY) of 6.97%, and offers in excess of £1,275,000 are invited. The business remains unaffected by the sale, and the property is held freehold under Title Number K825776.