The Life of Riley, located on Green Terrace in Sunderland, is listed by estate agents Christie & Co.
The pub is currently tenanted until 2034 and generates an annual rent of £65,000, providing a gross yield of 11.9 per cent.
The property is described by the estate agents as an ‘investment sale’, noting its central location and good footfall.
A large two-storey terraced structure of red brick construction with a slate tile roof, the building is said to be ‘immaculately presented’.
The Life of Riley is reportedly well decorated throughout in a modern and contemporary style.
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It is fully licensed and has an EPC rating of B.
The estate agents further highlight the pub’s ‘excellent position’ in the heart of Sunderland city centre.
The area is bustling with good levels of footfall due to the proximity of many bars, restaurants, and retail operators and is currently undergoing a large regeneration programme, which is seeing investment in development and growth.
Internally, the ground floor features a large open plan trading area with seating for around 120 guests, an open plan kitchen, and a bar servery.
There is also a VIP Lounge with a separate bar servery and seating for around 50 guests.
Its first floor houses a large bar servery, separate glass wash areas, a raised stage area, a disabled lift, and a staff room and manager’s office.
The pub also boasts well-maintained ancillary areas including WCs, a cellar, a commercial grade kitchen, and storage facilities.
The Life of Riley has been described by the estate agents as an ‘incredibly well invested pub/bar and restaurant business in a prime spot in Sunderland town centre’, and forms an integral part of a long-established licensed circuit.