Investment opportunity for trio of freehold pubs marketed for £4.2m

A collection of three freehold public house investments, located in the commuter belt of Greater London and Surrey and let to Twickenham Green Taverns, has been brought to market, with offers in excess of £4.2m sought. The freehold investments, which are being marketed by AG&G, are connected to the Abercorn Arms in Teddington, The Royal George in Walton-on-Thames and The Rising Sun in Epsom. The asking price of £4.2m for the group of freehold assets represents a net initial return of 6.9%, a low capital value of £341 per square foot. Each pub is let to Twickenham Green Taverns, forming part of the Morgan Pub Collective. Each lease runs to 2043 and there is a combined base rent of £308,688.