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Henry's & The Jailhouse 4 Joys Entry 4,418 SF 4-Star Retail Building Belfast BT1 4DR $6,518,557 CAD ($1,475.45 CAD/SF) 5.40% Cap Rate
Investment Highlights
- accessed directly from Joy’s Entry
- property underwent a comprehensive refurbishment in July 2018
- heart of Belfast city centre
Executive Summary
The property is let in its entirety to 3 Wise Men Pubs Limited on a straight 20-year lease from 13th October 2017 at a current passing rent of £200,770 per annum. There are five yearly upwards only rent reviews linked to Retail Price Index (RPI). There is a fixed rental uplift of £55,000 on 1st January 2029. This is in addition to the RPI increases but not included for the purpose of those increases.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
4,418 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1950
Price
$6,518,557 CAD
Price Per SF
$1,475.45 CAD
Cap Rate
5.40%
NOI
$352,002 CAD
Tenancy
Single
Building Height
3 Stories
Frontage
80’ on Joy's Entry
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Nearby Major Retailers
1 of 13
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Henry's & The Jailhouse | 4 Joys Entry
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