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The George Inn 660 Loddon Bridge Rd 5,950 sq ft Retail Property Reading RG6 7EN £2,350,000 (£394.96/sq ft) 7.80% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold public house investment.
- Property arranged over two levels with 4 bedroom manager’s accommodation extending in total to approximately 5,950 Sq Ft (553 Sq M).
- The next upwards only rent review due in June 2028.
- Character Grade II listed building on a substantial site of approximately 3,626 sq m (0.9 acres).
- Business unaffected by sale.
- Entire property let to Spirit Pub Company (Managed) Limited which forms part of Greene King one the UK’s leading hospitality groups with more than 2,600 outlets.
- Current rent of £195,000 per annum.
- Lease expiring 23rd June 2043.
- Offers in excess of £2,350,000 (7.80% NIY).
EXECUTIVE SUMMARY
Offers in excess of £2,350,000 (7.80% NIY)
Entire property let to Spirit Pub Company (Managed) Limited which is wholly owned by Greene King, Current rent of £195,000 per annum, 5 yearly open market reviews, Lease expiring 23 June 2043.
Entire property let to Spirit Pub Company (Managed) Limited which is wholly owned by Greene King, Current rent of £195,000 per annum, 5 yearly open market reviews, Lease expiring 23 June 2043.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
5,950 sq ft
Costar Property Class
B
Year Built
1890
Price
£2,350,000
Price per sq ft
£394.96
Yield
7.80%
NOI
£183,300
Tenancy
Single
Number of Floors
2
Plot ratio
0.15
Total Plot Size
0.90 ac
Parking
39 Spaces (7.65 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Wheelchair Accessible
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NEARBY MAJOR RETAILERS
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The George Inn | 660 Loddon Bridge Rd
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