Other

The Clarence Pub, 53 Whitehall, London SW1

 

Price: £3,830,000 - Initial Yield:3.75%

Date: Q2 2011

Acting on behalf of a Private Irish Investor we advised on the sale of this investment to Young & Co’s Brewery for £3.83m, reflecting a net initial yield of 3.75%.

The property is a public house (The Clarence) arranged over basement, ground and four upper floors and benefits from a return frontage to Great Scotland Yard. Let to Youngs for a term expiring on 6th July 2017 on a full repairing and insuring basis. The passing rent is £152,500 p.a, which is subject to five yearly upwards only rent reviews the next of which is in July 2012. 

Contact

Jeff Ellis

Tel: 020 7493 3330
Mob: 07775 582 719
jellis@lewisellis.co.uk


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