SEDGLEY, WEST MIDLANDS PROMINENT INVESTMENT PROPERTY PRODUCING ANNUAL RENTAL INCOME OF £42,000

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

Freehold investment £495,000 or nearest offer

SEDGLEY, WEST MIDLANDS - PROMINENT INVESTMENT PROPERTY PRODUCING ANNUAL RENTAL INCOME OF £42,000 WITH BUILT-IN INCREASES

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.