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£370,000

Freehold Investment - The Legion 9 Market Street, Atherstone, CV9 1ET

Key Features

  • Freehold Investment Sale
  • Substantial Town Centre Property
  • Grade II Listed Property c. 1830
  • Ground Floor Footprint c. 3,045 sq ft
  • Let on 10-Year Lease from 2024
  • Annual £1,000 Rent Increases to year 5
  • Net Initial Yield of 7.03 %
  • Upward only review Year 5 & RPI applied annually thereafter

Description

Previously the Royal British Legion, the three-storey, Grade II Listed mid-terraced property, is believed to date back to c.1830. Now trading simply as 'The Legion', the trading areas are split into two distinct areas. Since taking occupation the tenant has completely refurbished the trading areas which briefly comprise, a front bar, with bar servery and a larger bar area to the rear, now utilised as a 'pool hall' area and stage with three darts throws. The ancillary areas include the refitted Ladies, Gents and disabled W.C.s. a basement beer cellar and store room.

The domestic accommodation is located over the first and second floors and briefly comprises a spacious lounge, domestic kitchen, dining room/third bedroom, bathroom and store room over the first floor. The second floor, which can be accessed via two separate staircases lead to a further two double bedrooms.

The Property has been occupied by the current tenant on a 10 year lease commencing September 2024. The asking price reflects a net initial yield of 7.03%.

Property details

Tenure
Freehold
Council Tax Band
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Date Posted
2026-01-29

Utilities & Restrictions

Utilities

Electricity
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Water
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Heating
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Broadband
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Sewerage
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Rights & Restrictions

Public Rights of Way
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Private Rights of Way
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Listed Property
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Restrictions
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Property Features

Accessibility
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Parking
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Garden
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Contact Everard Cole Ltd, Nottingham

Suite 1542, 109 Vernon House, Friar Lane, Nottingham, NG1 6DQ

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