06 February 2015

Mute Swan calls to new owner

The Crown Estate has plenty to shout about – the freehold of the Mute Swan at Hampton Court, which it owned, has been sold at £1,375,000 through licensed leisure specialists AG&G. This was well above the asking price.

“This was the first time we’ve acted for the Crown Estate and this trophy investment more than justified the final price paid by a private investor,” says AG&G director Anthony Alder.

“It’s let to Brunning & Price at a rent of £65,000, giving a yield of 4.7 per cent and reflecting the strength of the investment market.

“That yield is also protected – rent rises each year in line with the retail price index, with a collar at one per cent and a cap at four, which means years of certainty on a lease that runs to 2034.

“And it truly is an asset of which to be proud. It’s 19th century architecture at its best and has a great reputation. The location could not be more perfect. Who would not want to own a pub directly opposite the main gate to Hampton Court Palace with superb views?”

For further information, contact Anthony Alder on 020 7836 7826 or e-mail anthony.alder@agg.uk.com

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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