Overview
Description
The property is currently tenanted by a well-established and highly respected hospitality operator on a 10-year Fully Repairing and Insuring Lease which commenced in March 22. The lease generates a six-figure income p/a, providing an attractive investment opportunity.
Based on the current rental at the asking price this proposition offers a solid return on investment of 9% prior to costs.
The business trades as YNot Bar and Grill, which is a successful restaurant and bar with six high quality letting rooms. The modern restaurant can serve 100 covers with a further 50 covers on a mezzanine floor.
Adjoined to the restaurant is The Grove Bar, which is a traditional wet sales sports bar and lounge. The six letting rooms are finished to an extremely high standard, each with modern en-suites and underfloor heating.
The property is finished to a high standard throughout, the current landlord has ensured that a stringent maintenance schedule is undertaken, meaning that the property is presented in excellent condition throughout.
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