Ye Golden Lion, Sheep Street, Wellingborough, Northamptonshire NN8 1BL

£350,000

Size

3,713

Tenure

Freehold

EPC

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Parking

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Primary use
Pub

No floor / site plan

Key features

  • Rental Income: £30,000 p.a.
  • Gross Initial Yield: 8.57%
  • Comprises Grade II Listed detached public house with 3-bedroom owner`s accommodation
  • Occupiers nearby including Castle Theatre, Museum, Estate Agents, Barber`s and more.

Description

Investment Consideration:
Gross Initial Yield: 8.57%
Rental Income: £30,000 p.a.
VAT is applicable to this property
Comprises Grade II Listed detached public house with 3-bedroom owner`s accommodation
Occupiers nearby including Castle Theatre, Museum, Estate Agents, Barber`s and more.

Property Description:
Comprises Grade II Listed detached public house with restaurant and 3-bedroom owner`s flat above, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, kitchen, snug area, wc`s
First Floor: 3 Bedrooms, lounge, kitchen/dining, bathroom
Total GIA: 345 sq m (3,713 sq ft)

Tenancy:
The property is at present let to SFM Pubs Ltd (with personal guarantee) for a term of 10 Years from 1st April 2023 at a current rent of £30,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 01.04.26 and every 3 years after linked to RPI. No breaks.

Location:
This attractive Grade II listed inn is located in the heart of the large popular Northamptonshire market and commuter town of Wellingborough only a stone’s throw from the Castle Theatre and museum. Wellingborough sits on the North side of the River Nene approximately 11 miles from Northampton and is surrounded by lovely affluent and sought-after villages. The town itself is constantly expanding with housing being built all around and it is now as popular as ever with commuters as the rail line to London has now been electrified making travel even easier. The nearby road networks are excellent with the A6, A14, A45, A43, A1 and M1 all within easy reach.
Additional information
Service charge
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Business rates
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Use class
Sui Generis
Listed building
No
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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Ye Golden Lion, Sheep Street, Wellingborough, Northamptonshire NN8 1BL

NEAREST STATIONS

National Rail

Wellingborough Station

0.69 miles

About BLUE ALPINE PARTNERS LIMITED, London

BLUE ALPINE PARTNERS LIMITED, London

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

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Disclaimer - Property reference yegoldenlion. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by BLUE ALPINE PARTNERS LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.