Details.
Offers in excess of £2,435,000, subject to contract and exclusive of VAT, for The Morgan, a freehold public house let to Marstons Estates Limited with surety from Marstons Plc. The investment provides an attractive 7.5% net initial yield. The lease expires on 10 June 2050, with annual rent reviews linked to RPI, subject to a 1% collar and 4% cap.