Stonegate Group, the UK’s largest pub company, has placed a 25-strong free-of-tie pub investment package on the market, with a combined value of circa £26m, Propel has learned.
The pubs, which are spread across England, are available individually or as small packages. The properties, which are being marketed by Savills, are all let on long leases with annual Retail Price Index linked rent reviews. The pubs are the All Inn in Bristol, Barrels in Hereford, the Bell Inn in Chichester, Bird in Hand in Bromley, Black Griffin in Canterbury, Chequers in Bath, The Coningham in London’s Shepherds Bush, The Cottage in Coventry, the Dockers Inn in London’s Wapping, The Dolphin in Canterbury, Dun Cow in Durham, Ferry Boat in Lincoln, Fighting Cocks in Fordingbridge, Flint Cottage in High Wycombe, Foresters Arms in Brockenhurst, Half Moon in Petersfield, The Stag in Ashford, Lansdown in Bristol, Meze Mangal in Bushey, The Phoenix in London’s Marylebone, Rat & Pigeon in Manchester, Rebel Inn in London’s Streatham, Smugglers Inn in Lymington, Three Colts in Buckhurst Hill, and the Woolpack Inn in Christchurch.
Stuart Stares, director in Savills licensed leisure, said: “Pub investments are becoming a highly attractive asset class due to their long leases and index linked rent reviews. Investors are increasingly recognising the potential for stable returns and growth in this sector, driven by favourable economic conditions, including anticipated reductions in interest rates and robust consumer spending. Consequently, we expect high levels of interest in these assets.” Propel revealed earlier this month that the freehold investments of a five-strong package of pubs let to Stonegate had been brought to the market, with offers in excess of £8.25m sought. The package, which is being marketed by Portland Leisure Advisers, comprises The Merchant in Glasgow, The Mailbox in Lincoln, Yates in Blackpool, Slug & Lettuce in Derby and The Green Dragon in Croydon.
Find out pub and hospitality news first by signing up to Propel’s free email, here.
