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City Centre Pub Investment For Sale, The Barracuda Bar, Lowgate, Hull, HU1 1EJ
not specified / Leisure
Withdrawn - Last updated: 19 April 2021
A three storey Grade II listed building that was formerly a juvenile court. The property is let entirely to Barracuda Pubs and Bars Ltd. The Barracuda Bar is located on the corner of High Street and Bowlalley Lane in the Old Town area of Hull city centre. Other occupiers in the area include JD Wetherspoons and Revolution Vodka Bar
- The property is let to Barracuda Pubs & Bars Ltd. The tenant has a credit Safe rating of 88 out of 100
- Approximately 19 years remaining of a 25 year term
- City centre location close to retail pitch and other pub operators and a short distance from Hull College
- Rental Income following latest review agreed at £XXX per annum exclusive
- Offers in excess of £XXXM reflecting a net initial yield of circa 6.5% assuming purchasers costs at 5.7625%
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