Summary - 287 Lichfield Road,Sutton Four Oaks,SUTTON COLDFIELD,B74 2XH B74 2XH
1 bed 1 bath Commercial Property
Income-producing Victorian pub with long lease, regular rent reviews and parking on a prominent corner plot..
- Freehold public house let to Zorbas Restaurant Limited
- Passing rent £67,795 pa with five-year reviews and uncapped annual RPI
- Lease expires July 2039 (14 years remaining) — lender risk likely
- Rent deposit held £52,821
- Site approx. 0.20 acres; nine rear parking spaces
- Ground-floor seating for 84; rear external seating for 52
- EPC D-77; area records above-average crime
- Fixtures and fittings owned by tenant; TOGC envisaged
A freehold roadside public house investment in Sutton Coldfield offered with a single occupational tenant, Zorbas Restaurant Limited, on a full repairing and insuring lease. The current passing rent is £67,795 per annum, with five-yearly open market reviews and annual uncapped RPI uplifts, supported by a rent deposit of £52,821.
The building is a Victorian detached corner property arranged over basement, ground and first floors with ancillary attic storage. Ground floor trading provides seating for 84 customers around a central bar and a trade kitchen; an enclosed rear seating area accommodates a further 52 covers. The site extends to approximately 0.20 acres and includes nine rear parking spaces plus roadside visibility and passing footfall on Lichfield Road.
This opportunity suits investors seeking an income-producing freehold with upward rent review mechanisms and a mid-market NIY (asking price in excess of £850,000, c.7.56% NIY). The sale is envisaged as a TOGC (VAT-exempt subject to buyer VAT registration) and the tenant currently owns the fixtures and fittings.
Buyers should note material negatives: 14 years remain on the lease (lease expiry July 2039), which may limit mortgage availability from some lenders. The EPC rating is D-77 and the area records above-average crime levels. Potential buyers should also factor in that the property is a former restaurant; any change of use or significant alterations (including possible residential conversion of first-floor accommodation) would require planning consents.
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