A portfolio of 4 prime leisure investments located in the quintessential English market towns of Hitchin, Taunton, Royal Tunbridge Wells and the city of Sheffield.
All properties are iconic buildings located on prime leisure pitches.
Let to Marston's Estate Limited, guaranteed by the undoubted covenant of Marston's Plc. The tenant and guarantor both have a top credit rating of 5A1 (Dun and Bradstreet) - ‘minimum risk'.
A new 35 year FRI lease, no break options, with a total passing rent of £570,000 per annum.
The rent will be subject to 5 yearly reviews, compounded annually in line with the Retail Price Index (RPI), subject to a collar of 1% and a cap of 4%.
Offers in excess of £11,000,000 subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 4.81%.
