Investment Disposal of O’Neills, Oxford
November 21, 2022
Coffer Corporate Leisure has advised a private client on the sale of 37 George Street, Oxford.
The property comprises a public house arranged over ground and basement levels with 22 residential apartments above (sold off on long leases).
The pub is let on a long lease to FTSE250 Listed Mitchells & Butlers Plc, trading under its O’Neills brand.
The price, £3,775,000, reflected a net initial yield of 5.82%.
Jack Silvani, Director at Coffer Corporate Leisure who advised the vendor said “We are observing a flight to quality, with strong property fundamentals key to liquidity. This is further polarising pricing – resulting in stability for best-in-class investments but softening yields for secondary assets.”
Coffer Corporate advised the vendor, a private client. Lawson & Partners advised the purchaser.