Opportunity to purchase a commercial investment property used as a pub.
The property consists of 9,000 sqft of commercial space set on the first two floors with staff rooms on the second floor.
The property is leased to Stonegate Limited, the largest pub operator in the United Kingdom. The property is leased until 2040 with a tenant break clause in 2025. The current income from the lease is £104,000 per annum with a set increase of 7.5% every 5 years.
We believe the tenants favour continuing the lease until the end of the term.
Location
Located in the town centre of Newbury.
Accommodation
Ground Floor - 460 sq m (4,950 sq ft)
First Floor - 297 sq m (3,200 sq ft)
Second Floor - 79 sq m (850 sq ft)
Size - 836 sq m (9,000 sq ft)
Terms
Tenure - Freehold
Price - Offers are invited in the region of £1,400,000.
VAT - Applicable