Express & Star

Pub near Lickey Hills up for auction with £40,000 price tag

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

Last updated

Watch more of our videos on Shots!
and live on Freeview channel 276

The Toby Jug on Newman Way, Rednal will have a guide price of more than £40,000 in the livestreamed sale on Thursday, July 11.

Ron Darlington, a consultant director at Bond Wolfe, explained that the investment property was on a leasehold until September 29, 2040.

The sale will be subject to the existing tenants who are on a new six years and 11 months lease at £300 per week plus VAT, equivalent to £15,600 per annum plus VAT.

The Toby Jug

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 auction will start at 8.30am.