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The Cleave 595 SF of Retail Space Available in Kingsand PL10 1NF
HIGHLIGHTS
- Famous waterside Freehouse
- Uninterrupted sea views
- Turnover approx. £700,000 per annum with excellent profit margins
- Superb trading position opposite beach
- Substantial renovated and modernised character property. Grade II Listed
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 595 SF | 10 Years | $187.84 CAD/SF/YR $15.65 CAD/SF/MO $111,768 CAD/YR $9,314 CAD/MO | Fully Repairing & Insuring |
Ground
This popular and profitable pub is available to let on a new lease on negotiable terms, likely to be for a term of some 10 years, with full repairing and insuring covenants, provision for regular rent reviews, at a commencing rental of £60,000 per annum exclusive, and to include the maintenance and repair of the inventory of trade equipment, furniture, furnishings and effects The quoting premium for this business is £175,000.
- Use Class: E
- Partially Built-Out as a Drinking Establishment
- Energy Performance Rating - E
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 595 SF | Gross Leasable Area | 1,002 SF |
| Property Type | Retail | Year Built | 1740 |
| Property Subtype | Bar |
| Total Space Available | 595 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 1,002 SF |
| Year Built | 1740 |
ABOUT THE PROPERTY
This property comprises a freehouse pub in one of the most sought after coastal village locations in the region. This historic and characterful Grade II Listed property is understood to have originally been constructed around 1740 and stands mid-terrace amongst other buildings of similar character, immediately opposite the beach and enjoying uninterrupted sea views.
NEARBY MAJOR RETAILERS
Presented by
The Cleave
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