• Freehold

• Located on busy restaurant pitch with river frontage

• Corner building comprising restaurant accommodation at ground and basement levels with residential accommodation on the upper floors

• Restaurant is let to Ocean Basket at a current rent of ?105,000 per annum for a period of 15 years (without break) expiring 5th May 2037

• The lease is subject to 5 yearly reviews with a fixed uplift to the higher of ?110,000 per annum or OMR at the next review (6th May 2027)

• The residential uppers consist of 1x1 bed apartment, 1x2 bed apartment and 2x3 bed apartment at 1st and 2nd floors currently let on ASTs producing a rent of ?103,200 per annum

• Current total annual passing rent of circa ?208,200 per annum

• Totalling 6,557 sq ft

Vendors are seeking offers of £3,000,000 exclusive of VAT and subject to contract, which reflects a net initial yield of 8.50% on the restaurant, £550 psf on the residential and a blended net initial yield of 6.50% assuming purchaser’s costs of 6.80%