London Contents
THE MINT PORTFOLIO 16 PRIME LICENSED LEISURE INVESTMENTS FOR SALE IN LONDON CONTENTS Executive Summary 3 Property Schedule 4 Locations 6 The Market 7 The Properties 8 The Process & Contacts 86 EXECUTIVE SUMMARY A portfolio of 16 prime licensed leisure investments in some of London’s most exclusive locations including the West End, the City, South Bank, Chelsea, South Kensington, Notting Hill, Holland Park and Maida Vale. + Each property is let to an experienced + Long unexpired terms with 14 out of the + The total passing rent for the portfolio is multiple operator with tenants including 16 properties having an unexpired term £2,626,185 per annum. Spirit Pub Company (Greene King), of 10 years or greater and a weighted + Our client’s preference is to complete Mitchells and Butlers, Baker & Spice, average unexpired lease term across the the sale of the Mint Portfolio in a single Ei Group Plc (formerly Enterprise portfolio of 16.3 years. transaction, either by the sale of the assets Inns), Fuller’s, Young’s, Patara and + Excellent potential for rental growth with or the sale of the shares of the single Santa Cruz Co. upward only rent reviews due at 14 of the purpose vehicle which owns each of the + The units are typically in long established properties within the next three years. assets. They may, however be prepared licensed and leisure pitches where to consider the sale of certain assets + Guaranteed rental growth at 2 of the occupier demand and underlying values individually or in smaller groups. properties with either fixed uplifts or RPI have always been strong.
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