Summary - 40 ST PETERS STREET,CANTERBURY,CT1 2BG CT1 2BG
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold public house investment, Black Griffin
- Entire property leased to A.B.V Bars Limited until January 2042
- Current rent of £94,167 per annum, subject to market reviews and RPI increases
- Located in a vibrant Canterbury city center with strong pedestrian traffic
- Property includes basement, three public levels, and outdoor seating areas
- Significant rental yield of 6.97%
- Flexible for potential renovations or alternative uses
**Notable Concerns:**
- 19 years remaining on lease may present mortgage financing challenges
- High crime rate in the local area
- No designated car parking available
This substantial freehold public house, the Black Griffin, presents a unique investment opportunity in the heart of Canterbury, with a stable tenant currently operating the premises. Spread across four levels, this property features a generous open-plan trading area on the ground floor, a fully functioning kitchen, and residential accommodations on the upper levels, making it both a potential investment and a lifestyle opportunity. The asset generates a dependable income stream with structured rent reviews every five years, providing a solid foundation for future appreciation.
Situated along bustling St. Peters Street, the pub is surrounded by a variety of amenities and eateries, buzzing foot traffic, and rich local culture. Its charming Victorian architecture adds character and historical value to the property, enhancing its appeal. The enclosed outdoor seating invites patrons to enjoy the lively atmosphere while offering additional income potential.
With a competitive sale price of £1,275,000, investors looking for a viable public house in a cosmopolitan student neighborhood should act quickly. However, prospective buyers should be aware of potential financing hurdles linked to the lease duration and the local crime statistics. This property promises an exciting venture for the right investor looking to become part of Canterbury’s vibrant community.
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