Traditional values, modern solutions

Do you have a property to sell or let?

A lively pub located close to the popular Lickey Hills in south Birmingham and bringing in more than £15,000 rent a year is up for sale in Bond Wolfe’s next auction.

The Toby Jug on Newman Way in Rednal will have an attractive guide price* of £40,000+ in the live-streamed auction on Thursday, 11 July. Ron Darlington, a consultant director at Bond Wolfe, explained that the investment property was on a leasehold until 29 September 2040, at a current ground rent of £540 per annum. The sale will be subject to the existing tenants who are on a new six year and 11 month lease at £300 per week plus VAT, equivalent to £15,600 per annum plus VAT.

Mr Darlington said: “This a family friendly pub in the heart of Rednal which offers entertainment, space for events, live music, quiz night and much more. The property is a detached public house with car parking and an enclosed trade garden which is situated in a prominent position within a mainly residential area close to the popular Lickey Hills. There are two separate bar areas and an off-sale shop on the ground floor, with three-bedroomed manager’s accommodation on the first floor. The property offers a valuable investment opportunity for the remaining years of its lease and we are expecting some competitive bidding from prospective buyers.”

The Toby Jug is just one of scores of lots that are appearing in Bond Wolfe’s next auction, which will start at 8.30am on Thursday 11 July.

If you have a property you are considering selling, click here, email [email protected] or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.

* Each property is subject to a reserve price which may be different from the guide price.  Please refer to the Important Information and legal pack(s) for further information and any additional fees which may apply.

Back to list

Share this story:

Share on Facebook Share on Twitter Share on Linkedin