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The Beehive Public House, 6, Coinagehall Street, Helston, TR13 8EB

A three storey freehold public house
Location: The Beehive Public House, 6 Coinagehall Street, Helston, TR13 8EB
Property type: House, Residential
Tenure type: For Sale Freehold
Tenancy type: Investment
Size: 3000 Sq Ft
** UNSOLD – AVAILABLE AT £194,000 **

Location
The property is situated in Helston Town Centre fronting Coinagehall Street at the junction of Market Place and opposite Church Street. Helston is a market town situated at the northern end of the Lizard Peninsula approximately 12 miles east of Penzance and 9 miles south-west of Falmouth.

Description
To be offered by Auction. A three storey freehold public house investment opportunity currently let and producing an annual income of approximately £27,000 per annum. Believing to measure approximately 3,000 square feet in total, including residential accommodation on the first and second floors the property is let on a 7 year lease from May 2018 with the added security of a personal guarantee. The property is located in a popular and busy market town on the lizard peninsula at the junction of the A394 and A3083, approximately 12 miles east of Penzance and 9 miles south of Falmouth

Accommodation

Cellar

First Floor (part)
Office accommodation

First Floor (part)
Residential accommodation

Second Floor
Residential accommodation

Tenancy
The property is currently let to a Mr N Hicks from 3rd May 2018 for a period of seven years at £27,000 per annum. A rent review is scheduled for the 5th year of the tenancy.
General
THIS PROPERTY WILL NOT BE SOLD PRIOR TO AUCTION.

1) Gross yield circa 15%.

2) Energy Performance Certificate = C.

3) The property is offered with an extended 8 week completion.
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