Freehold pub on a large plot with 58 parking spaces and rental indexation.
Let to Staffordshire Leisure Group Limited producing £65,229 pa
A freehold roadside pub investment on a substantial 0.82-acre plot in Milehouse, Newcastle-under-Lyme. The property is let in its entirety to Staffordshire Leisure Group Limited (part of Grill Pub Co) on a 20-year lease from December 2021, producing £65,229 pa with RPI uplifts (1%–4% collar/cap) and five-year open market reviews. The tenant has made the business operationally separate from the freehold sale and a rent deposit of £15,872 is held.
The building provides trading space across ground, basement and first floors: a main open-plan trading area (c.130 covers), private dining, trade kitchen and ancillary stores, plus first-floor staff/living accommodation and multiple single-storey extensions. Externally there is a large customer terrace and parking for approximately 58 vehicles — a rare feature for a suburban town-centre site and a strength for either continued leisure use or alternative uses subject to consent.
Key investment positives include secure contracted income, regular contractual indexation, and a substantial roadside plot with excellent parking and high ceiling, industrial-style accommodation that offers repositioning or redevelopment potential. The sale is expected as a TOGC which should normally be VAT-exempt for a VAT-registered purchaser.
Important considerations: the lease contains a tenant break option on 23 December 2031 (ten years from lease start) and only c.16 years remain at completion — mortgage lenders often have strict minimum unexpired lease requirements and may decline lending. EPC rating D (84) and the tenant currently owns fixtures and fittings. Prospective purchasers should factor tenant covenant, break risk, review timetable, and potential refurbishment or planning costs into any offer.
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