NE3 The Duke of Wellington, Kenton Lane, Newcastle upon Tyne

Freehold Public House Investment For Sale, Let to Greene King until 2034 on a large site extending to 0.91 acres

The two storey detached building is arranged over ground, basement and first floors with painted rendered elevations beneath a 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 143 customers. Ancillary areas include customer WC's and a trade kitchen.

Basement - The basement comprises cellar, office and stores.

First Floor - The first floor comprises a function room with separate bar servery, customer WC's, stores and a capacity for 100 customers. In addition there is managers accommodation which provides 3 bedrooms, kitchen, bathroom and living room.

External - Beer garden to the front and rear with seating for 100 customers. To the rear elevation is parking for 57 vehicles and a single storey outbuilding used for storage.

The property is held freehold (Title Number TY406897).

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

C - 64

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 £195,557 per annum* which is subject to annual fixed rental increases of 2.5% with the next increase in Decrease 2027.

*Please note the passing rent is £190,787 per annum however, this will be topped up to £195,557 per annum between the date of completion and 25th December 2026 when the fixed 2.5% rental increase is due

Located in the Kenton suburb of Newcastle, 2.9 miles north west of the city centre, fronting Kenton Lane (A191).

The Duke of Wellington is located in a mixed commercial and residential area with Tesco Express petrol station and convenience store adjacent alongside a parade of local retailers.