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FOR SALE - Well known public house and mixed use investment property
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LOCATION
Situated along Irish Green Street towards the South West of Limavady town centre, the property benefits from a good deal of passing vehicular and pedestrian traffic and is in close proximity to local shops, Pharmacy and Hot Food provision.
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DESCRIPTION
Opportunity to acquire this fully licenced local landmark property and community hub, which has succedssully traded here for the last 40 years and is a popular social venue for Limavady and the surrounding area.
The holding comprise a public bar, a separate let commercial unit (Custom House Barbers) and 9 no. residential (partially let() flats and a spacious off street parking area.
The Public House is currently owner occupied, so ideal for same going forward or for letting to enhance investment value.
The Full Public Bar licence is clean, subsisting and without dispute.
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INVESTMENT INCOME
Commercial unit: Let at £10,644 per annum
9 Flats: Let at £4,500 to £5,200 per annum (each)
Potential from the Public House: c. £30,000 per annum, (if not owner occupied)
TOTAL POTENTIAL IF FULLY LET IS IN EXCESS OF £80,000 PER ANNUM
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ACCOMODATION
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NEWTOUN INN BAR
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Main bar and seating area
580 sqft
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Side bar and seating area
920 sqft
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Pool room
425 sqft
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Store/keg room
220 sqft
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Kitchen
200 sqft
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Store
400 sqft
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WC's x 2
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COMMERCIAL UNIT - Let to Custom House Barbers
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Main unit
520 sqft
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Rear area
160 sqft
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Store
80 sqft
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RESIDENTIAL UNITS
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Flat 1
364 sqft
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Flat 2
364 sqft
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Flat 3
407 sqft
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Flat 4
598 sqft
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Flat 5
364 sqft
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Flat 6
364 sqft
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Flat 7
342 sqft
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Flat 8
342 sqft
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Flat 9
342 sqft
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RATES
Newtoun Inn Bar - NAV £30,300
Flat 1 - £330.68
Flat 2 - £330.68
Flat 3 - £348.08
Flat 4 - £452.50
Flat 5 - £330.68
Flat 6 - £330.68
Flat 7 - £313.27
Flat 8 - £313.27
Flat 9 - £330.68
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EPC's
Newtoun Inn Bar - 73C
Commercial Unit - 87D
Flat 1 - Current 63D Potential 66D
Flat 2 - Current 64D Potential 67D
Flat 3 - Current 65D Potential 66D
Flat 4 - Current 61D Potential 66D
Flat 5 - Current 66D Potential 70D
Flat 6 - Current 65D Potential 68D
Flat 7 - Current 65D Potential 66D
Flat 8 - Current 62D Potential 62D
Flat 9 - Current 66D Potential 66D
