Stonegate Group has put a portfolio of 22 free-of-tie pubs in England up for sale.
The properties, which are available individually or as small packages, are all let on long leases with annual retail price index-linked rent reviews.
Stuart Stares, director in Savills’ licensed leisure team, which has been appointed to market the sites, said: “Pubs remain one of the most resilient and appealing investment classes in today’s market, underpinned by strong fundamentals such as long-term leases, index-linked rent reviews and strong underlying property value.
“Investor confidence is being reinforced by improving trading results across the sector, particularly during the Christmas trading period alongside a more optimistic economic background including easing interest rates and steady consumer spending. Consequently, we’re seeing growing demand for well-let pub assets, particularly those offering secure income and long-term growth opportunities.”
The pubs for sale are:
Bell, Solihull – £1,250,000 (7.46% NIY)
Bo-Peep, Orpington – £730,000 (7.74%)
Bridge Arms, Canterbury – £900,000 (8.38%)
Chequers, Norwich – £690,000 (8.50%)
Church House Inn, Paignton – £700,000 (9.38%)
Crown, Bath – £950,000 (8.52%)
Dog and Fox Inn, Bradford-on-Avon – £715,000 (8.31%)
Dovecote Inn, Tonbridge – £625,000 (7.88%)
Green Man, Welling, London – £950,000 (7.73%)
Hobnails Inn, Tewkesbury – £1,075,000 (7.43%)
Kings Head, Yarmouth – £865,000 (7.94%)
Kyoto Kitchen, Winchester – £875,000 (9.02%)
Lamb Inn, Weston-Super-Mare – £475,000 (9.53%)
Louisiana, Bristol – £525,000 (8.50%)
Market Hotel, Alton – £675,000 (7.92%)
Merry Monk, Taunton – £1,200,000 (9.63%)
St George’s Vaults, Cheltenham – £450,000 (7.35%)
Swan Hotel, Hythe – £710,000 (9.44%)
Trout Inn, Cirencester – £800,000 (6.31%)
Union Inn, Newton Abbot – £450,000 (8.08%)
White Horse Inn, Somerset – £555,000 (7.75%)
World’s End, Northampton – £1,500,000 (8.08%)
