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Investment pub for sale in Dudley

Dudley, West Midlands, DY3 1JF | Ref: 93523
For sale
£495,000 Offers In Region Of
sidney-phillips
This property is marketed by:
Sidney Phillips

Key Features

  • Rental income £42,000 per annum with increases built-in
  • Popular public house in mature residential area
  • Good trading location on main road just off high street
  • Property appointed to good standard
  • 10 year term from August 2023

Location

Sedgley resides in the north of the Dudley Metropolitan Borough and stands astride the A459 between Wolverhampton and Dudley, part of the Black Country within the Birmingham conurbation. It has a busy town centre with a number of retail and licensed premises attracting many corporate operators. 

The White Lion sits on Bilston Road just off the high street and is a substantial property that is reputed to have been a public house since the early 1700’s. The property appears to be of brick construction with partially rendered elevations under a pitched slate roof. It stands in ample grounds having off street parking and trade garden. 

The property is let for a term of 10 years from August 2023 on a full repairing and insuring basis producing a rent of £42,000 per annum exclusive of VAT, which increases by £1,000 p.a. until it reaches year 5. The rent is then fixed until the last two years of the term, at which point it is Index Linked. 

Tenure

FREEHOLD INVESTMENT £495,000 or Nearest Offer FOR THE PROPERTY ONLY. Trade furniture, fixtures, fittings and effects are the property of the tenant.

The premises are held on a 10 year fully repairing and insuring lease agreement that commenced in August 2023. It is protected by the security provisions of Sections 24 through to 28 of the Landlord & Tenant 1954 Act. The current rent is £42,000 per annum, exclusive of VAT. This is set to increase by £1,000 per annum until year 5. Between years 5 and 7, it is fixed, then Index Linked for the final two years of the term. 

No direct approach to be made to the business; please direct all communications through Sidney Phillips. 

Viewing strictly by appointment only.