Shroppie Fly

[Sea Dog]

So, erm, how does this fit in with the "Auction" sign at Post #18?

[Richard10002]

It’s the freehold that’s for sale, not the lease. Whoever buys it gets the £8k a year rent, plus whatever they can negotiate for the rent review.

[MtB]

1 minute ago, Richard10002 said:

It’s the freehold that’s for sale, not the lease. Whoever buys it gets the £8k a year rent, plus whatever they can negotiate for the rent review.

 

£8k a year rent for a pub such as the Shroppie Fly sounds rather implausible. Why on earth did so many previous tenants go bust I find myself wondering, given that seems like little more than pocket money for such a premises.

 

I would not have been surprised to find it was £40k a year. 

 

 

 

 

 

[Richard10002]

48 minutes ago, Mike the Boilerman said:

 

£8k a year rent for a pub such as the Shroppie Fly sounds rather implausible. Why on earth did so many previous tenants go bust I find myself wondering, given that seems like little more than pocket money for such a premises.

 

I would not have been surprised to find it was £40k a year. 

Punch Taverns own the lease and pay the £8k a year. The deal between themselves and the current landlord bears no relation. I think Landlords go bust because they cannot keep up with the terms agreed with the brewery, or whatever Punch are.

 

Plus the rent is somewhat false as a rent review was due in 2016 and, for some reason, a new rent hasn’t been agreed - you can imagine Punch having a team of lawyers experts at rent reviews and postponing stuff. Thus the current rent level is that of 2009, (I think), and not today, ten years on.

Edited May 6, 2019 by Richard10002