WV6 Pear & Partridge, Perton, Wolverhampton

Freehold public house investment for sale let to Greene King with fixed 2.5% annual rent increases

The two storey detached building is arranged over ground and first floor with painted and exposed brick elevations beneath a multi-pitched roof.

Ground Floor

The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 108 customers. Ancillary areas include customers WC's, trade kitchen, cellar and store.

First Floor

The first floor comprises managers accommodation which provides 3 double bedrooms, a living room, kitchen and a small managers office.

Externally

Beer garden to the front and side elevations with seating for 92 customers. To the rear and side elevation is parking for 52 vehicles.

The property is held freehold (Title Number SF188976).

The property is not listed nor is it situated within a conservation area.

D - 82.

The entire property is let to Greene King Brewing and Retailing Limited with Greene King Limited as guarantor on a lease expiring 23 June 2034 at a current rent of £171,555 per annum* which is subject to annual fixed rental increases of 2.5% with the next increase in December 2027.

*Please note the passing rent is £167,371 per annum however, this will be topped up to £171,555 per annum between the date of completion and 25th December 2026 when the fixed 2.5% rental increase is due.

It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

We are instructed to invite offers in excess of £1,700,000 (9.5% NIY) assuming the usual purchasers costs.

The property is let to Greene King Brewing and Retailing Limited, which forms part of the wider Greene King Limited group. The group is one of the leading pub retailers and brewers in the UK, currently owning and operating approximately 2,520 pubs, restaurants and hotels, and generated revenue of £2,539 million in the 53 weeks to 4 January 2026.

Greene King was founded in 1799 and is headquartered in Bury St Edmunds, Suffolk. In 2019, CK Asset Holdings completed the acquisition of the company for £2.7 billion, representing one of the largest portfolio acquisitions in the UK pub sector.

The company is best known for its Chef & Brewer and Hungry Horse brands, but also operates a range of other formats including Farmhouse Inns, Belhaven, Wacky Warehouse, Hightales, Flaming Grill, Hickory's and Greene King Inns.

The fixtures and fittings are currently owned by the occupational tenant.

All viewings must be arranged by prior appointment. Under no circumstances should any direct approach be made to any member of the occupational tenant's staff.

For further information or to arrange a viewing, please contact Savills as sole selling agent.

Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Entire property let to Greene King Brewing and Retailing Limited with a guarantor from Greene King Limited

Large site extending to 0.99 acres

Property arranged over two levels extending to 5,922 Sq Ft

Lease expires June 2034

The rent is subject to annual 2.5% fixed increases

We are instructed to invite offers in excess of £1,700,000 (9.5% NIY)

Business unaffected by sale

Located in the Civil Parish of Perton, 4.1 miles west of Wolverhampton city centre, fronting The Parkway.

The Pear & Partridge is situated in a mixed residential and rural area with the Holyhead Road (A41) a short distance to the north which provides access to Wolverhampton city centre. Anders Square in the centre of Perton comprises occupiers including Sainsbury's, Marston's and Well Pharmacy alongside a number of independent retailers/restaurants.