Investment Opportunity - Pub Group in 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%.