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The Boar's Head, 69 Church Street, Newchurch, Rossendale, BB4 9EH

4,334 Sq Ft / Land / Mixed Use

For Sale - £295,000.00

Available - Last updated: 24 August 2019

A public house with secured tenancy on a fully repairing and insuring (FRI) lease from May 2017 at an initial rent of £21,000 and a term of 10 years, which represents a net yield of 7.1%. The rent is subject to review upon the 3rd anniversary, which is currently being negotiated. Originally constructed as a pub in 1674 (and one of only two pubs in the immediate area), this stone built, mid-terraced property offers accommodation over three floors with a cellar. Externally, the property is pavement fronted with a flagged beer garden to the rear with views over the Rossendale Valley and St Nicholas' Church. The property is currently undergoing some cosmetic improvements - further photographs will follow in due course. Fully repairing and insuring (FRI) lease from May 2017 at an initial rent of £21,000 and a term of 10 years. The rent is subject to review upon the 3rd anniversary, which is currently being negotiated. Service charge details to be confirmed.

Terms

The quoted price is exclusive of but liable for VAT at the prevailing rate.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale £295,000.00 NA

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Adam Taylor

Pearson Ferrier

0161 401 3055



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