Sale of Stonegate Pub Investment, Warwick University
September 25, 2019
Coffer Corporate Leisure has advised on the sale of a public house situated on Warwick University Campus. The purchase price of £2.7 million reflected a Net Initial Yield of 6%. The property is held long leasehold and is let to Stonegate Pub Company until 2039 with annual RPI uplifts. Coffer Corporate Leisure acted for the vendor, a private institutional client. KLM Retail actor for the purchaser, a private investor.