The Bluebell PH
Fulwell Road, Fulwell
Sunderland
Tyne and Wear
SR6 9AD

Freehold Public House Investment

  • Let to Stonegate Pub Company Limited until 2040 (no breaks)
  • 19 years unexpired term
  • 5 yearly Retail Price Index (RPI) linked Rent Reviews, subject to a annual minimum of 1% and maximum of 4% per annum compounded
  • Prominent corner position at busy crossroads adjacent to Sainsbury's Supermarket
  • Including Large car park, part of which has Active management potential.
  • Lot
    13
  • Auction
    24/Sep/2021
  • Rent
    £104,642 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Leisure
  • Auction Venue
    Live Streamed Auction
Important Update
  • The Bluebell PH, Fulwell Road, Fulwell, Sunderland, Tyne and Wear, SR6 9AD
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
2 miles north of Sunderland city centre
13 miles north-east of Durnham
14 miles south-east of Newcastle
Roads
B1291, A1018, A1(M)
Rail
Sunderland Railway Station
Air
Newcastle International Airport
Situation

Fulwell is a popular residential district of the City of Sunderland with a population of over 11,000 close. The town benefits from day visitors to the popular Seaburn and Whitburn Bay.
The property is prominently located at the busy junction of Fulwell Road, Sea Road, Dene Lane and Station Road (B1291) leading to the Newcastle Road (A1018). Sea Road is the towns main retailing thoroughfare. Nearby occupiers include Sainsbury's Supermarket, Lloyds Bank, Greggs and Co-op Funeral care.

Tenure

Freehold.

Description

The property comprises a ground floor public house with basement cellar and a function room and four bedroom managers flat on the first floor. In addition, there is a self-contained retail unit fronting Station Road which has been sub let. The entire property occupies a substantial site of approximately 0.29 hectares (0.70 acres) including a large car park to the rear, 15 cars spaces of which has been sublet to the adjacent Sainsbury's supermarket.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Basement
Ground
First

Ground Floor
Cellar
Public House
Function Room/
Residential - 4 bed flat
Retail Unit
177.94 sq m
599.55 sq m
169.38 sq m
132.43 sq m
68.24 sq m
(1,915 sq ft)
(6,453 sq ft)
(1,823 sq ft)
(1,425 sq ft)
(735 sq ft)
STONEGATE
PUB COMPANY
LIMITED (1)
25 years from
29h July 2005
until 2040 on a
full repairing
and insuring
lease (2)
£104,642 2nd July
2020, 2025
and 5 yearly

(28/7/2040)
Total
1,208.44 sq m
(13,007 sq ft)
  £104,642 

(1) For the years ending 27/09/2020, Stonegate Pub Company Limited (CRN FC029833) reported a turnover of £707,000,000 a pre-tax profit of negative £746,00,000 and a net worth of £197,000,000 (Source: NorthRow 16/08/2021)
(2) The property is let on 3 separate leases. A lease to Stonegate Pub Company Limited for a term of 25 years from 29th July 2005 and a revisionary lease for a term of 10 years from 29th July 2030 until 2040 and a lease over 15 car parking spaces in the car park for a term of 15 years from 10 November 2006 until 9th November 2021 at Peppercorn rent and which is outside of the Security of Tenure provision of the Landlord and Tenant Act 1954. The car park lease has been sublet to Sainsburys plc.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Site Plan
    Updated Date
    03.09.21
    File Size
    679 KB
    View PDF
  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
1A Tower Square
Leeds
West Yorkshire
LS1 4DL
Stacey Edwards 03442250660stacey.edwards@theprogenygroup.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now