The Wichel Inn 2 Frogden Road, East Wichel Swindon Wiltshire SN1 7AP

  • The Wichel Inn<br>2 Frogden Road, East Wichel<br>Swindon<br>Wiltshire<br>SN1 7AP

The Wichel Inn
2 Frogden Road, East Wichel
Swindon
Wiltshire
SN1 7AP

Freehold Long Let Substantial Public House Investment with RPI Linked Reviews

  • Let to Marston's PLC until March 2053 (No Breaks) providing 29 years until lease expiry
  • 5 yearly RPI linked rent reviews subject to 1% collar and 4% cap annually compounded
  • Rent rising to a minimum of £179,493 per annum from 2028 (1% collar compounded annually) and a maximum of £207,782 per annum (4% cap compounded annually)
  • Substantial Public House of approx. 728.00 sq m (7,836 sq ft)
  • Site area of approx. 0.84 Acres (0.34 Ha.)
  • Prominent road side position within residential suburb
  • Lot
    20
  • Auction
    25th September 2024
  • Rent
    £170,782 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Public House
  • Auction Venue
    Live Streamed Auction
Important Update
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Freehold Long Let Substantial Public House Investment with RPI Linked Reviews

  • Let to Marston's PLC until March 2053 (No Breaks) providing 29 years until lease expiry
  • 5 yearly RPI linked rent reviews subject to 1% collar and 4% cap annually compounded
  • Rent rising to a minimum of £179,493 per annum from 2028 (1% collar compounded annually) and a maximum of £207,782 per annum (4% cap compounded annually)
  • Substantial Public House of approx. 728.00 sq m (7,836 sq ft)
  • Site area of approx. 0.84 Acres (0.34 Ha.)
  • Prominent road side position within residential suburb
  • Lot 20
  • Auction 25th September 2024
  • Rent £170,782 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    Public House
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
15 miles south of Cirencester, 39 miles east of Bristol
Roads
A3102, M4
Rail
Swindon Train Station
Air
Bristol Airport
Situation

East Wichel is recently built residential suburb just 1 mile south of Swindon. The property is prominently located on the northern side of Black Horse Way (B4006) at its junction with Langdean Road. The property is well positioned to provide for the wider residential area, being the sole pub in the vicinity.

Tenure

Freehold.

Location
Miles
15 miles south of Cirencester, 39 miles east of Bristol
Roads
A3102, M4
Rail
Swindon Train Station
Air
Bristol Airport
Situation

East Wichel is recently built residential suburb just 1 mile south of Swindon. The property is prominently located on the northern side of Black Horse Way (B4006) at its junction with Langdean Road. The property is well positioned to provide for the wider residential area, being the sole pub in the vicinity.

Tenure

Freehold.

Description

The property comprises a substantial two storey public house of approximately 728.00 sq m (7,836 sq ft) upon a site area of 0.84 Acres with a beer garden and parking for approximately 50 vehicles.

VAT

VAT is applicable to this lot.

Note

Marston's PLC have an option to purchase the Freehold for £1 upon expiry of their occupational lease, subject to certain conditions being satisfied. Please refer to the Option Agreement within the legal pack for full information.

Completion Period

Six week completion

EPC

Band B.

Description

The property comprises a substantial two storey public house of approximately 728.00 sq m (7,836 sq ft) upon a site area of 0.84 Acres with a beer garden and parking for approximately 50 vehicles.

VAT

VAT is applicable to this lot.

Note

Marston's PLC have an option to purchase the Freehold for £1 upon expiry of their occupational lease, subject to certain conditions being satisfied. Please refer to the Option Agreement within the legal pack for full information.

Completion Period

Six week completion

EPC

Band B.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Rent Review
Ground/First Public House
728.00
(7,836)
MARSTON'S PLC
(1)
40 years from 28/03/2013 until 27/03/2053
£170,782
25/03/2028 and 5 yearly thereafter
Total  
728.00
(7,836)
(3)
   
£170,782
 

(1) Marston’s is a leading UK operator having been part of the British pub landscape for over 180 years, now operating from over 1,400 pubs and employing 11,000 people (www.marstonspubs.co.uk).
(2) The 5 yearly rent reviews are linked to RPI uplifts subject to a minimum of 1% and a maximum of 4%. The next review will rise to a minimum of £179,493 per annum in applying a 1.00% per annum compound and a maximum of £207,782 per annum in applying a 4% per annum compound.
(3) The floor areas stated above are those provided by the EPC.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    19.09.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Seller's Solicitors
Slaughter & May
Mark Gulliford 020 7090 4226mark.gulliford@slaughterandmay.com  Eloise James +44 (0)20 7090 5106eloise.james@slaughterandmay.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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