Summary - 150-151 Drury Lane,LONDON,WC2B 5TD WC2B 5TD
1 bed 1 bath Pub
**Standout Features:**
- Freehold public house in Covent Garden, dating from c1850
- Prime location in London’s theatreland, near major attractions
- Large property extending to approximately 8,112 sq ft across five levels
- Current rent: £340,058 per annum with open market reviews in 2024 and 2029
- Entirely leased to Spirit Pub Company (part of Greene King) until 2034
- Investment potential with a Net Initial Yield of 4.0% and low capital value of £986 psf
**Concerns:**
- 11 years remaining on the lease may impact financing options
- High crime rate in the local area
- The property is situated within a very deprived area
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Discover a prime investment opportunity at the historic Prince of Wales pub located at 150-151 Drury Lane, right in the heart of Covent Garden, London’s vibrant theatre district. Boasting over 8,112 sq ft across five levels, this freehold property offers significant commercial potential in a high foot traffic location surrounded by cultural landmarks such as the Royal Opera House and numerous eateries. Currently generating a stable annual rent of £340,058, the lease to the Spirit Pub Company is secure until 2034, anchored by a strong covenant from Greene King, ensuring a robust return on investment.
Despite the property’s exceptional setting, prospective buyers should consider that it has only 11 years remaining on its lease, which may limit financing options. Additionally, the area has a notably high crime rate and is classified as deprived, which are essential factors to weigh in your decision. With market reviews approaching in 2024 and 2029, there’s ample room for rent increases and equity growth in this sought-after locale. This is not just a pub; it’s an investment in one of London's most dynamic areas, where opportunities are rare. Don’t miss out on the chance to own a piece of history in a bustling urban landscape—act now before it's gone!
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