The Dibbinsdale Inn in Bromborough is on the market with an asking price of over £1,000,000.
The property has been trading successfully as an Italian-style restaurant with letting accommodation comprising of 12 ensuite rooms.
The trading areas are presented in an open plan format offering over 100 covers and has been refurbished and fitted out to an excellent standard by the current tenant.
Outside, there is a car park which provides up to 30 spaces.
Agents, Fleurets, has been instructed to seek offers in excess of £1,000,000 for the freehold investment interest of the restaurant.
David Sutcliffe, Director of Fleurets commented, “Fleurets are delighted to bring the Dibbinsdale to the market. This a rare opportunity to acquire a quality investment on the Wirral and we anticipate strong interest from private and corporate investors.”
A purchase at this level reflects a Net Initial Yield of 7.09% assuming standard purchaser’s costs. The 8,875 sq. ft. property is let to Pesto Restaurant Limited, which currently operates 10 restaurants throughout the Midlands and North West of England.
The freehold is currently being let on an FRI lease expiring on 18 November 2037 (c. 16.7 years remaining).
For further information and to arrange a viewing, contact David on 07860 849 236 or Elysia Wilson-Gunn on 07810 541 579.