Investment Opportunity - Pub Group in Commuter Belt

Surrey / Greater London
Offers exceeding £4.2 million (net initial return 6.9%) for the group of freehold assets
A collection of three freehold public house investments, located in the affluent commuter belt
  • A collection of three freehold public house investments, located in the affluent commuter belt of Greater London/Surrey, inside the M25 within high value residential districts
  • High quality ‘managed houses’ each benefitting from extensive, well fitted trading bars, commercial kitchens, trade gardens and ample domestic accommodation
  • Each pub is let to Twickenham Green Taverns forming part of the Morgan Pub Collective which has close links to the popular Big Smoke Brewery
  • Each lease runs to 2043 and benefits from valuable annual RPI increases, capped and collared at 6% and 2% respectively, with additional turnover ‘top up’
  • Combined Gross Internal Areas totalling 12,300 sq. ft.
  • Combined base rent of £308,688
  • Combined turnover ‘top up’ rent of £28,499 until June 2025
  • Combined security deposit of £75,000
  • Seeking offers in excess of £4.2 million for the group of freehold assets, representing a net initial return of 6.9% (ignoring the top up rent), a low capital value of £341 psf.
  • The additional turnover top up means that the return until June 2025 represents an annual equivalent of 7.5%.

Disclaimer

Notice AG&G for themselves and for the vendor of this property, whose agents they are given notice that 1. These particulars do not form any part of the offer or contract. 2 They are intended to give a fair description of the property but neither AG&G nor the vendor accept responsibility for any error they may contain, however caused. Any intending purchaser must therefore satisfy himself by inspection or otherwise as to their correctness. 3 neither AG&G, nor any of their employees, has any authority to make or give any further representation or warranty in relation to this property. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.