Property roundup: nine freehold investments on the market and new owner for pub hotel
Fleurets to market nine freehold investments let to Revolution
Leisure property specialist Fleurets has been instructed by real estate investment firm Aprirose to market nine pub freehold investments currently let to Revolution Bar Ltd.
Located across northern England and the Midlands, the sites are available as a package or individually.
Ed Sandall from Fleurets, who is leading the sites’ marketing, commented: “Each of the nine properties marketed have identical full repairing and insuring leases, with 14 years unexpired.
“Marketed off a total guide price of £20.2m, the portfolio’s total rental income amounts to £1.5m per annum, reflecting a 6.78% net initial yield.”
The investments are: 28 Cross Church Street, Huddersfield, West Yorkshire; Penny Street, Lancaster; 6b New Walk, Leicester; 10 Park Street, Lincoln; 18-22 Wood Street, Liverpool; 90-94 Oxford Road, Manchester; Wilmslow Road, Fallowfield, Manchester; 7 Hassell Street, Newcastle-under-Lyme, Staffordshire; and 10-12 Princess Street, Wolverhampton, West Midlands.
Windsor Trooper pub and hotel sold for £850,000
Specialist business property advisor Christie & Co has brokered the sale of pub and hotel the Windsor Trooper in the heart of the Berkshire town to an independent brewer and operator.
Tom Orchard, business agent at Christie & Co’s office in Reading commented: “The Windsor Trooper came to the market with a well-thought-out marketing strategy that attracted a huge amount of interest from a multitude of buyers.
“The fantastic Windsor location, combined with the letting accommodation, enabled us to approach buyers from different sectors of the hospitality market.
“We received a high number of offers, with two going over the guide price.
“The accepted offer came from a cash buyer with vast experience of the pub industry.
“The sale completed within six weeks of receiving the final offer.
“This sale illustrates that a well invested, quality pub with rooms can attract strong interest and offers and this is a sector that continues to boom, with high value and vast opportunities.”
To find out more about pubs for sale, lease and tenancy visit our property site.
