Disposal of The Lordship, Dulwich
September 7, 2022
Coffer Corporate Leisure has advised a private client on the sale of The Lordship, 211 Lordship Lane – a freehold public house investment let to Stonegate Pub Company.
The property, arranged over 3 storeys and totalling c.7,000 sq ft, is let to Stonegate for a further 24 years.
The price, £2,210,000, reflected a Net Initial Yield of 3.19%.
Jack Silvani, Director at Coffer Corporate Leisure said “Although property prices are not linked to inflation there is a strong correlation between the two. Real estate is therefore considered a strong hedge against inflation.
We are in an uncertain economic and political environment. Secure, long-term investments are incredibly difficult to find. We believe the pub sector, which has battled through enforced closures as a result of Covid-19 and emerged in rude health, will remain robust in-spite of the short-term economic challenges.
Consequently, we expect the market for prime investment assets to remain strong in the pub, and wider leisure sector.”
Coffer Corporate acted on behalf of the vendor, a private consortium. AG&G acted on behalf of the purchaser, a private client.