The White Horse Pub Upper Portland Street Aberystwyth Ceredigion SY23 2DT

  • The White Horse Pub<br>Upper Portland Street<br>Aberystwyth<br>Ceredigion<br>SY23 2DT

The White Horse Pub
Upper Portland Street
Aberystwyth
Ceredigion
SY23 2DT

Freehold Index-Linked Pub/Restaurant Investment

  • Entirely let to Stonegate Pub Company Limited
  • Lease expires May 2039 (20 years unexpired - no breaks)
  • Annual RPI linked rent increases (minimum 2% pa and maximum 4% pa)
  • Prominent town centre corner location in popular coastal holiday resort and university town
  • Nearby national retailers include Boots the Chemist and WH Smith
  • Lot
    42
  • Auction
    11th July 2019
  • Rent
    £97,501 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
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Freehold Index-Linked Pub/Restaurant Investment

  • Entirely let to Stonegate Pub Company Limited
  • Lease expires May 2039 (20 years unexpired - no breaks)
  • Annual RPI linked rent increases (minimum 2% pa and maximum 4% pa)
  • Prominent town centre corner location in popular coastal holiday resort and university town
  • Nearby national retailers include Boots the Chemist and WH Smith
  • Lot 42
  • Auction 11th July 2019
  • Rent £97,501 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    Leisure
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN

Property Information

Location
Miles
38 miles north-east of Cardigan
98 miles north-west of Cardiff
120 miles west of Birmingham
Roads
A44, A487
Rail
Aberystwyth Train Station
Air
Cardiff Airport
Situation

Aberystwyth is an attractive university market town and popular holiday resort in Ceredigion, Mid West Wales, overlooking Cardigan Bay. The town benefits from a significant influx of seasonal tourists, particularly during the summer months and is popular with students, with Aberystwyth University, Wales' oldest university, established in 1872 being home to about 10,000 students. The property is situated in a prominent town centre location, on the north side of Upper Portland Street at its junction with Terrace Road, a 5 minute walk from Aberystwyth's popular North Beach. Nearby retailers include Boots the Chemist and WH Smith, with Costa Coffee, Greggs, Pandora, Waterstones and JD Sports also represented in the town centre. The town's railway station is 300 metres to the east of the property.

Tenure

Freehold.

Location
Miles
38 miles north-east of Cardigan
98 miles north-west of Cardiff
120 miles west of Birmingham
Roads
A44, A487
Rail
Aberystwyth Train Station
Air
Cardiff Airport
Situation

Aberystwyth is an attractive university market town and popular holiday resort in Ceredigion, Mid West Wales, overlooking Cardigan Bay. The town benefits from a significant influx of seasonal tourists, particularly during the summer months and is popular with students, with Aberystwyth University, Wales' oldest university, established in 1872 being home to about 10,000 students. The property is situated in a prominent town centre location, on the north side of Upper Portland Street at its junction with Terrace Road, a 5 minute walk from Aberystwyth's popular North Beach. Nearby retailers include Boots the Chemist and WH Smith, with Costa Coffee, Greggs, Pandora, Waterstones and JD Sports also represented in the town centre. The town's railway station is 300 metres to the east of the property.

Tenure

Freehold.

Description

The property, which is Grade II listed and in a conservation area, comprises a substantial, three storey corner building arranged as a ground floor bar/restaurant and a basement with a beer store and delivery access. The first floor provides a mezzanine style trading area overlooking the ground floor and the second floor provides staff accommodation, comprising three double bedrooms, living room, kitchen, bathroom and office area.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E. See legal pack at acuitus.co.uk

Description

The property, which is Grade II listed and in a conservation area, comprises a substantial, three storey corner building arranged as a ground floor bar/restaurant and a basement with a beer store and delivery access. The first floor provides a mezzanine style trading area overlooking the ground floor and the second floor provides staff accommodation, comprising three double bedrooms, living room, kitchen, bathroom and office area.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Use
Gross Internal Floor Areas
(Approx)
 Tenant Term Rent p.a.x Reviews
Ground
Basement
First/Mezzanine		 Public House
Cellar
Public House		 284.39 sq m
43.37 sq m
178.77 sq m		 (3,061 sq ft)
(467 sq ft)
(1,924 sq ft)		 STONEGATE PUB
COMPANY
LIMITED (1)		 Approximately
34 years from
29/07/2005 until
13/05/2039 (by
way of a lease
extension) on a
full repairing
and insuring
lease		 £97,501 RPI-linked rent
increases on
14/05/2020 and
annually
thereafter
(collared at 2%
pa and capped
at 4% pa)
Second Staff Accommodation
3 bedrooms, living room,
kitchen, bathroom and
office
Totals
506.49 sq m
(5,452 sq ft)
     £97,501  

(1) Stonegate Pub Company is the 4th largest managed pub company in the UK, operating 770 pubs across the country. Brands include Slug & Lettuce, Yates, Classic Inns and Walkabout. Stonegate is owned by investment funds managed by TDR Capital LLP
(Source: www.tdrcapital.com).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Shepherd and Wedderburn LLP Condor House, 10 St. Paul's Churchyard
London
EC4M 8AL
Lauren McLeod 0207 429 4959lauren.mcleod@shepwedd.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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