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    Key features

    • To be offered on Tuesday 29 October
    • High Yielding Pub Investment
    • Let to Stonegate Pub Company
    • Lease Expires 30/03/2039 - 15 Years Unexpired
    • Income Secured Against JD Wetherspoon Plc
    • Outstanding Rent Review from 2019
    • Two Managers Flats to Upper Parts
    • Only Late License Pub in Town Centre
    • Investment Let at £85,257 p.a. (12.82% GIY on Guide Price)

    Description

    The property comprises an attractive freehold pub investment let to Stonegate Pub Company; the largest pub company in the UK.

    Arranged across ground, first and second floors, the former 19th century coaching inn includes bar and seating areas to the ground floor with an number of original features. The upper parts comprise two managers flats and we understand the second floor is not used by the tenant. The property includes an expansive beer garden to the rear.

    The property is entirely let to Stonegate Pub Company Limited by way of a 35 year lease and a further five year reversionary lease expiring 30/03/2039 and Producing £85,257 per annum. There are therefore approximately 15 years unexpired.

    Haslemere is a highly affluent town popular with commuters the property is one of only two pubs in the town centre and fronts the High Street, furthermore we understand the property is the only pub in Haslemere with a late license. The area is characterised by retail and leisure use with a number of local and national retailers and restaurants including The Entertainer, Pizza Express and Costa.

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is entirely let to Stonegate Pub Company Limited by way of a 35 year lease and a further five year reversionary lease expiring 30/03/2039 and Producing £85,257 per annum. There are therefore approximately 15 years unexpired.


    The lease was assigned from JD Wetherspoon Plc in 2015 and we understand that the income is currently secured by them.


    The lease includes five yearly upward only rent reviews and we consider the property may have asset management potential via an outstanding rent review from 2019.

    Rent

    £85,257 per annum
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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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