DESCRIPTION
Freehold Pub with Residential Investment & Development Potential
An exceptional opportunity to acquire the freehold interest of this well-located pub with four separately let residential rooms and significant development potential.
Current Rental Income:
Room 1: £950 pcm
Room 2: £975 pcm
Room 3: £1,050 pcm
Room 4: £1,300 pcm
Total Residential Income: £51,300 per annum
The ground floor and basement pub operates under a license agreement, generating £78,000 per annum, inclusive of services and Sky.
Development Potential:
Planning permission is pending for an extension to the upper parts, adding two additional floors, creating a total of three floors above the pub.
Planning Application Reference: P2022/0545/FUL
This is a high-yielding freehold asset with strong existing income and exciting value-add potential through development. Ideal for investors looking to maximize returns in a prime location.
For further details or to arrange a viewing, please get in touch.