Investment Disposal of The Woodbridge Inn, Ironbridge

Investment Disposal of The Woodbridge Inn, Ironbridge

December 11, 2023

Coffer Corporate Leisure has advised AEW UK on the disposal of The Woodbridge Inn – a freehold public house dating back to the 18th century in Ironbridge, close to Telford.

The pub, situated on the banks of the River Severn, is let to Brunning & Price, on a long inflationary-linked lease. Brunning & Price is part of The Restaurant Group plc.

The purchase price reflected a Net Initial Yield of 5.45%.

Jack Higgitt, Investment Surveyor at Coffer Corporate Leisure, said “Where the fundamentals are strong, the investment market remains robust. Brunning & Price are an excellent operator, and this is a well invested property with attractive lease terms. This is ultimately driving investor appetite and, consequently pricing – even in the regions – with a lull in the supply of high-quality assets.”

Coffer Corporate Leisure represented the vendor, AEW UK. Savills represented the purchaser, a private client.