BB&J Commercial are delighted to be appointed as marketing agents for the disposal of the Thorn Tree Inn at Woodlinkin, Nottinghamshire.
This valuable commercial investment property is to be sold subject to a new 25-year tenancy being granted to current occupiers George’s Tradition Ltd who have been established since 1967 and are recognised as one of the industry leaders with multiple outlets across the Midlands and beyond.
The terms of the new lease will be effective upon the sale of the investment and will provide an unbroken term at an initial rental of £60,000 per annum drawn on a full repairing and insuring basis.
The former Thorn Tree Public house was converted by George’s in 2010 to provide a fully functioning restaurant and bar together with a separately accessed hot food takeaway area. The building was extensively refurbished once again in August 2017 to an extremely high standard and occupies a considerable plot which provides excellent parking provisions or the potential to extend the current building.
‘This investment represents a highly attractive opportunity to receive a solid long-term income from a reputable and established business such as George’s Tradition. We are offering the property for a guide figure of £750,000 which reflects a net initial yield of approximately 7.60% after purchasers costs and based on our recent success of investment sales in 2019 we would expect interest levels to be high from the outset’ commented Graham Bancroft, Partner at BB&J Commercial.
To enquire about this investment or to register your details for any particular requirements then please do not hesitate to contact us on either commercial@bbandj.co.uk or 01332 292825 and an agent would be delighted to be of assistance.
