Description
The two storey, detached property is arranged over ground, basement and first floor with rendered and painted brick elevations beneath a multi pitched, slate covered roof. To the side and rear, there are single storey extensions (including a conservatory).

The site area is approximately 0.559 acres.

Accommodation
Ground Floor: The ground floor provides a central bar servery with traditional lounges and games area consisting of 56 covers. To the rear, there is an additional lounge and conservatory dining for approximately 44 covers. Ancillary areas include Customer WC’s, commercial kitchen and the manager’s office.

First Floor: The first floor comprises a former function room, as well as the managers accommodation which provides a living room, kitchen, 3 bedrooms, bathroom and WC.

Basement: The basement comprises cellar and stores.

Externally: Beer patios and children’s play area to the rear elevation with seating for 125 customers alongside parking for 35 vehicles.

Planning
The property is not listed nor is it situated within a conservation area.

Rateable Value
£14,000.

EPC
C - 61.

Tenure
The Property is held freehold (Tile Number NT234153), subject to and with the benefit of an Occupational Lease to Marston’s Plc (Company Number 00031461).

Tenancy
The property is let to Marston’s Plc on a fully repairing and insuring lease, subject to a schedule of condition, for a term expiring on 22nd November 2031. The lease is drawn within the Security of Tenure provisions of the Landlord & Tenant Act 1954. The passing rent of £43,473 p.a. The lease is subject to an upward-only rent review on 23rd November 2026, in line with RPI, with a collar of 1% and a cap of 3%. The rent will be “topped-up” to £50,385 p.a. in line with the RPI provisions.

Covenant
Marston’s Plc (Company Number 00031461), established in 1834, is one of the UK’s most established operators of pubs, restaurants and hotels, with 1,328 sites, of which 83% are owned freehold (29 March 2025). Marston’s is listed on the FTSE250 with a market capitalisation of £358.39 million (11 March 2026).

Marston’s disposed of its 40% stake in Carlsberg Marston’s Brewing Company (CMBC) in July 2024 (FY2024) for net proceeds of £202.6 million. This disposal has been transformational for the business, helping them reduce their debt position.

Terms
We are instructed to invite offers in excess of £685,000 (£117/SQ FT) which reflects a Net Initial Yield of 6.99% after deducting the usual purchasers costs.

The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff. For further information and all viewing requests please contact the sole selling agents Savills.

Commercial Property in 208 Stockwell Gate

Leisure for sale - William IV, 208 Stockwell Gate, Mansfield, NG18 5QE