Panniers Way, LE15
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- SIZE
Ask agent
- SECTOR
Pub for sale
Key features
- 25 year income with annual RPI increases
- Let to Marston's Estates Limited with surety from Marston's Plc
Description
* Freehold
* Let to Marston's Estates Limited with surety from Marston's Plc
* Marston's Plc are a £872M turnover business
* Lease expires 10 June 2050 - over 25 years income certain
* Current passing rent of £195,082 per annum
* Annual reviews to RPI with 1% collar and 4% cap. Next review due in June 2025
* Minimum of £5,580,000 in committed rent up to lease expiry
* By 2050, at the 1% annual collar, the yield will have increased to 10.36% and, at the 4% annual cap, to 22.18%
* We are instructed to seek offers in excess of £2,300,000 (Two Million Three Hundred Thousand), subject to contract and exclusive of VAT equates to a Net Initial Yield of 8.0% after full purchasers' costs.
Brochures
Panniers Way, LE15
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Oakham Station0.8 miles
Notes
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