The Eastern Counties office of specialist Licensed Business agents Sidney Phillips, is offering to the market a selection of 5 freehold public houses all located within and around the South Lincolnshire market town of Long Sutton.
The town of Long Sutton is approximately 13 miles, east from the Lincolnshire market town of Spalding, 14.4 miles, west from the Norfolk seaport town of Kings Lynn, and 9.2 miles north of the Fenland market town and inland port of Wisbech. The town has enjoyed major investment in recent years and is home to big businesses including food and drink group Princes (who invested £3.6M in 2016 to create their largest food production site in the UK which created over 500 new jobs). Many residential developments have also been given the green light recently when in 2018 South Holland District Council approved the plans to build 215 new homes, which shows the town is ever increasing.
The portfolio includes 2 investment properties generating rental incomes, located within the centre of Long Sutton. The Ship boasts a an asking price rental yield of 11% and The Granary an asking price rental yield of 11.5%. The other 3 properties are: Palmers Ale House & Kitchen, a beautifully designed thatched roof property which is also located centrally within long Sutton; The Rising Sun, Gedney Drove End which benefits from a large rear building plot (STPP); and The Riverside, Sutton Bridge which includes 6 modern letting bedrooms.
Zaine Lamont, of Sidney Phillips, who is handling the sale, commented: “I’m excited to bring to the market this portfolio of 5 freehold properties available to be purchased individually or as a group. The portfolio includes two investment properties that return superb rental yields, difficult to find within the South Lincolnshire area, as well as 3 other properties that all include fantastically unique features. These opportunities would suit a multitude of different purchasers and we envisage strong interest from the marketplace.”
The Freehold interest of the properties are available for: The Ship, Long Sutton - £495,000 | Palmers Ale House & Kitchen, Long Sutton - £475,000 | The Granary, Long Sutton - £450,000 | The Riverside, Sutton Bridge - £370,000 | The Rising Sun, Gedney Drove End - £265,000 |
For further information about these businesses, please contact Sidney Phillips’ Eastern Counties office on 01522 500059 or Click here for more detail.