26 Jun 2011

Pub for sale Greater London, Pub for sale London

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London Pub for Sale Liquor Inn Devons Road London Greater London E3 Ground floor footplate: 1285 sq/ft* £ 250,000 Leasehold Lease length: until 2036 @ a rent of £79 pa Public house for sale a short distance from Devons Road DLR Station. The property is situated in a predominently residential location with neighbouring retail uses bringing a good level of 'foot traffic' to the locality. Short Leasehold interest on offer until 2036 @ a ground rent of £79 pa. The property comprises a ground floor/basement public house occupied on a 3 year tenancy agreement at a current passing rent of let £36,144 + vat free of tie and AWP. . The first flr comprises a 4 bedroom flat and is let on an AST agreement producing £23,920. Unconditional offers are invited for our clients interest which based on the purchase price will realise a gross yield of 24%!!!! The property represents excellent value for continued licensed use / future owner occupation. Liquer Inn Pub for Sale, London

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