A prime freehold leisure investment, let to Stonegate Pub Company, in the centre of High Wycombe, has been placed on the market, with offers in excess of £1.45m.
The Yates’s is situated in the centre of the town opposite a 120-room Premier Inn and close to the Eden Centre.
The site extends to 10,904sq ft (1,013sq m) and let to Stonegate with 13 years to tenant break option.
Fleurets has been instructed to seek offers in excess of £1.45m subject to contract for the freehold interest in the property. A purchase at this level would reflect a net initial yield of approximately 7.5%, adopting purchaser’s costs of 5.8%.
