The property comprises a six storey building with a large beer garden to the rear. The basement and ground floors are currently trading as ‘Yates’ a Stonegate Pub Company brand. The upper floors are unused. Located in a prominent location in the town centre within the main leisure circuit and is one of Wolverhampton’s most popular pubs. Acquired July 2015.
Acquired as part of a portfolio of 4 pubs let to Stonegate which were underwritten by C2 Capital. The Property was subsequently sold in March 2016.
Equity Multiple: 1.2x
Ungeared IRR: 21.3%
Hold period: 8 months.
Acquired on behalf of: