Lamb PH, Edmonton Green

04 September 2014


SUBJECT TO CONTRACT

Dear Sir / Madam,

Please follow the link below to find details on the following investment property.

54 Church Street, Edmonton Green, London, N9 9PA (Business currently trading as Lamb PH N.B. Business not affected)

The property is to Stonegate Pub Company Limited (620 pubs across the UK) with the lease guaranteed by Slug and Lettuce Company Limited. It is let until 29th July 2030 with a passing rent of £30,000 per annum (previously £95,470 per annum). The next rent review is due to take place in December 2016 and it is considered that there is significant scope for rental uplift.

The freehold interest subject to the subsisting lease is offered for sale at the guide price of £625,000 (Subject to Contract) representing a net initial yield of approximately 4.5% after costs taken at 5.8% of the guide price.

If you would like any further details please do not hesitate to contact Michael Penfold on 020 7836 7826 or michael.penfold@agg.uk.com

Kind regards,

AG&G

Lamb PH
Region: Edmonton Green
Tenure: Freehold
Price: £625,000