Coffer Corporate Leisure has advised a private client on the sale of 7-9 Friar Street, Reading – a landmark public house investment in Reading city centre.

The property is single let to Stonegate Pub Company for a further 8 years.

The price of £4,550,000 reflected a Net Initial Yield of 4.33%.

Jack Silvani, Director at Coffer Corporate Leisure said “We are continuing to observe further yield compression in the pub investment market. This pricing adjustment was observed initially in central London but has subsequently spread across the UK. We believe the robust health of the pub sector, coupled with a shortage of quality investment stock generally, is driving pricing.”

Coffer Corporate acted on behalf of the vendor, a private client. Savills acted on behalf of the purchaser.