Sidney Phillips has been instructed to market for sale a substantial investment property in the Midlands town of Reddich.
The Montville Hotel is located one mile south of Redditch town centre in the heart of the residential area adjacent to other retail and commercial properties including a public house and vets surgery. It is a prominently located property holding a corner site of substantial three-storey construction which historically operated as a 12 bedroom hotel and restaurant but now has been split into five separate units all let on relatively long term agreements (with the exception of the residential unit) offering a potential investor a healthy yield.
The building generates a rental income of £84,000 per annum, reflecting a yield of 8.9%
The freehold interest of the Montville Hotel is available off an asking price of £950,000.
For further information about this pub for sale, other businesses for sale or how to buy a business please call Sidney Phillips on 01981 250333, or email midlands@sidneyphillips.co.uk.
(May 2022)