The company is trialing the sale of seven freeholds at an Allsops auction on 15 October, hoping to raise £14.7m.
The company is offering private investors a 35-year lease with itself as tenant on the head-lease, subject to a five-yearly rent review and no indexation.
Chief executive Ted Tuppen said rents on offer to investors account for between 80 and 90% of each pub’s total Ebidta. “We’ve taken advice on the rent that’s appropriate,” he told City analysts
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