Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding pub investment opportunity forming part of a popular local parade.
Arranged across ground floor only, the property is let to a private individual trading as Pebbles Tavern on a 10 year lease which expired 23.06.2023 and paying £6,300 per annum. We understand the tenant is continuing to occupy the premises and is therefore holding over.
We consider the property offers evident asset management potential via renewal of the lease, with the current tenant being in occupation for over 20 years.
The property forms part of a popular local parade fronting Market Street in Watchet, a popular coastal town. The Marina is immediately to the rear of the property, with the principal town centre car park opposite. The property therefore benefits from high footfall from tourists looking to access the coastal walk and esplanade.
Tenure
Leasehold - New 999 Year Lease - Peppercorn Rent
Rent