Investment

This historic and landmark mixed-use site in Brighton (pub and 8 AST's) was sold as an investment sale off a guide price of OIEO £4 M with total rental income of £256,200 pa (6.01% NIY). The North Laine Brewhouse is operated by Laine Pub Company which is an owned subsidiary of Punch Pubs & Co Group Limited.

The tenant operates the property in Nottingham city centre under a leasehold interest expiring in April 2026 on a 10-year lease. This tenant bought in the freehold interest, which was owned by the Landlord, Tavern Propco. The transaction was handled by Elysia Wilson-Gunn in the London Office.

Acting for The Cloudesley Charity, this investment sale attracted seven bids at the bidding deadline. Fuller, Smith & Turner PLC were the tenant with 11 years remaining on the lease at a rent of £80,000pa. The asking price was £1.5m (5.03% NIY). In excess of this was achieved with Fullers buying in the freehold interest. The transaction was handled by Elysia Wilson-Gunn in the London Office.

The tenant operates the property in the village of Kelham near to Newark opposide the Kelham House Country Manor Hotel under a leasehold interest expiring in June 2038. This tenant bought in the freehold interest, which was owned by the Landlord, Tavern Propco. The transaction was handled by Elysia Wilson-Gunn in the London Office. This was on behalf of our client Tavern Propco.

The tenant operates the property in the village of Saltford near to Bristol under a leasehold interest expiring in May 2034. This tenant bought the freehold interest, which was owned by the Landlord, Tavern Propco. The transaction was handled by Elysia Wilson-Gunn in the London Office. This was on behalf of our client Tavern Propco.

The tenant operated Oz Bar in the centre of Nottingham under a leasehold interest expiring in April 2026. This tenant bought the freehold interest, which was owned by the Landlord, Tavern Propco. The transaction was handled by Elysia Wilson-Gunn in the London Office. This was on behalf of our client Tavern Propco.

The Lighthouse is a very popular, independent restaurant located in the picturesque Suffolk coastal town of Aldeburgh. Fleurets were instructed to provide a Report summarising the value of the property as an investment to the Freeholder.

This involved the Investment sale of a portfolio of 8 freehold community pubs let on free of tie agreements of varying lengths and a total rent roll of £268,000pa.

Fleurets provided rental advice and negotiation assistance to a private investor client in relation to the 105 bedroom Premier Inn Watford, successfully securing a materially increased rental income and agreeing long term restructured occupational lease arrangements.

Fleurets provided lease advisory services, including rental advice and negotiation assistance, to a private investor landlord client in relation to the 88 bedroom Premier Inn Barking.

Acquisition advice to CBRE Global Investors in respect of a portfolio of 14 freehold public houses, in a deal of c.£19,000,000, let on the basis of new 125 year ground rent leases to Upham Group Plc.

Disposal, on behalf of a charity, of the freehold investment let in part to Mitchells & Butler Retail Limited and in part to McMullen & Sons Limited for in excess of £4,200,000.

A Sale & Leaseback investment deal on 4 freehold operations for Peach Pub Company to raise funds to secure further investment in its 19-strong portfolio paving the way for the next stage of growth. Freeholds of The Rose & Crown in Warwick, The One Elm in Stratford, The Swan in Salford and The Richard Onslow in Cranleigh.

Acquisition advice to CBRE Global Investors in respect of eight freehold public houses, in a deal of c.£5,000,000, on the basis of new 125 year ground rent lease let to Seafood Pub Company Ltd.

Off market transaction acting for Tavern Propco on a restaurant investment in Windsor let to Bel & The Dragon, with 21 years unexpired.

Following the acquisition of the Tavern portfolio by Tavern Propco, advised and managed by Davidson Kempner Capital Management and Global Mutual, Fleurets successfully forward sold 24 assets raising £68.2m.

Simultaneous acquisition of freehold investment interest and the leasehold operational interest on behalf of Young's of the Tunbridge Wells Bar & Grill, which will reopen as the White Bear, its original name.

Valuation advice to Aprirose in their acquisition of 45 pubs let to Spirit Pub Company, a circa £130m transaction. The vendor was British Land. The properties spanned the UK including: Brighton, Middlesbrough, Newcastle, Nottingham and Twickenham.