KBW is pleased to bring to the market an excellent investment opportunity let to a renowned name in the hospitality sector.

An opportunity underscored by the recent trading update from Wetherspoon, which highlights a period of remarkable growth and resilience in the current dynamic market.

J D Wetherspoon

A staple in the UK’s pub industry, J D Wetherspoon reported an impressive 21% increase in sales from pre-pandemic levels. More specifically, in the 10 weeks leading up to 7th July 2024, like-for-like sales increased by 5.8% compared to the same period last year, and the year-to-date sales have risen by 7.7%. These figures not only highlight Wetherspoon’s operational efficiency but also its strong customer loyalty and market presence.

This financial resilience positions J D Wetherspoons as an attractive tenant for retail investment.

The Opportunity

KBW’s agency team is excited to offer investors the chance to secure a substantial building located in the heart of Cheltenham.

• Long-term lease with expiry in 2036
• Passing rent of £157,100 per annum
• Low risk tenant with a Creditsafe Rating B*
• Iconic building with extensive frontage along Clarence Street and total floor area of approx. 13,778 sq ft
• Located in the spa town of Cheltenham, famous for its Regency architecture and various festivals that attract visitors throughout the year, and home to the UK’s intelligence, security and cyber agency; GCHQ.

As JD Wetherspoon continues to report robust financial health, investing in a retail property leased to this industry leaser is a compelling opportunity.

Please contact Richard Knightley (07917 155760) or Laura Hatten (07769 254158) at KBW for further information.

*As at June 2024.