A LIVELY pub located close to the Lickey Hills which brings in more than £15,000 in rent a year is up for sale. 

The Toby Jug on Newman Way in Rednal will have an attractive guide price of £40,000+ in a Bond Wolfe live-streamed auction on Thursday, July 11.

Ron Darlington, a consultant director at Bond Wolfe, said that the investment property was on a leasehold until 29 September 2040, at a current ground rent of £540 per annum.

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

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 Toby Jug is just one of scores of lots that are appearing in Bond Wolfe’s next auction, which will start at 8.30am on Thursday, July 11.