Freehold public house and 60 bed hotel investment for sale, let to the UK’s largest pub company, Stonegate Group, until 2045
The two storey detached building is arranged over ground, basement and first floors with brick elevations beneath a pitched roof. To the rear is a detached three storey hotel block with brick elevations beneath a flat roof.
The property is held freehold (Title Number CE148757).
The entire property is let to Stonegate Pub Company Limited with Town & City Pub Group Limited and Bay Restaurant Group Limited as Guarantor at a current rent of £297,537 per annum, which is subject to five yearly annually compounded upwards only rent reviews in line with RPI subject to a collar of 1% and cap of 4%, with the lease expiring 7 July 2045. The next rent review is 5 February 2025 where the rent will increase to £349,457 per annum (assuming 3.0% RPI in the 12 month period prior to the review date).