Slug and Lettuce: Home of popular Preston city centre bar goes on the market
The home of one of Preston’s best-loved bars has gone on the market.
144 Church Street - better known as Slug and Lettuce and formerly Yates’ - is being offered for £1,875,000 by London-based agent, Savills.
The entire 15,575 sq ft premises is currently rented out to Hops Pub Company Limited with Stonegate Pub Company Limited, Barley Pub Company Limited and Town & City Pub Group Limited as Guarantor, achieving an annual rent of £169,809, which will increase to £199,441 per annum at the next rent review in February 2025.
The deal runs until July 2045 and the bar is unaffected by the sale.
The three storey mid terrace building is arranged over ground, basement, first and second floors with painted rendered elevations beneath a pitched roof.
The ground floor provides an open batr area and seating for 250 customers as well as a trade kitchen, customer toilets and stores. The basement offers a cellar and stores, the first floor provides former staff living accommodation comprising of four bedrooms, two kitchens, two bathrooms, stores and a staff room. There’s also self-contained office accommodation over ground, first and second floors which are currently vacant and there;s a former unoccupied warehouse which is currently vacant.
The premises operated as a Yates’ for more than 100 years before being rebranded as Slug and Lettuce in late 2021.