Investment Consideration:
Gross Initial Yield: 7.35%
Rental Income: £25,740 p.a.
VAT is applicable to this property
Comprises ground floor pub & restaurant with large beer garden
Includes 2-bedroom staff accommodation at first floor and self-contained studio at rear
Situated in the heart of Drayton, with occupiers nearby include Post Office and more.
Property Description:
The property comprises ground floor pub & restaurant, large beer garden with multiple seating areas, 2-bedroom staff accommodation and self-contained studio flat at rear, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, commercial kitchen, storage, cellar, outdoor seating and customer WCs, studio flat
First Floor: 2 bedrooms, bathroom
Total GIA: 189 sqm (2,034 sq ft)
Tenancy:
The property is currently let to an Individual for a term of 6 years and 11 months from 18th December 2024 at a current rent of £25,740 p.a. Rent review on 18.12.27 and 18.12.30 linked to RPI. Tenant option to determine on 18.12.27 with min 6 months notice. Deposit held of £5,500.
Location:
Drayton is a village and civil parish about 2 miles (3 km) south of Abingdon, Oxfordshire. The parish includes the hamlet of Sutton Wick and has a population of 2,353. The property is located at the junction of Abingdon Road, High Street and Steventon Road. Occupiers nearby include Drayton Post Office and The Red Lion Pub.
