The Apple Cart Bellona Drive Peterborough Cambridgeshire PE2 8GP

  • The Apple Cart<br>Bellona Drive<br>Peterborough<br>Cambridgeshire<br>PE2 8GP

The Apple Cart
Bellona Drive
Peterborough
Cambridgeshire
PE2 8GP

Freehold Long Let Substantial Public House Investment with RPI Linked Reviews

  • Let to Marston's PLC until March 2053 (No Breaks) providing 29 years until lease expiry
  • 5 yearly RPI linked annually compounded rent reviews subject to 1% collar and 4% cap
  • Rent rising to a minimum of £172,314 per annum from 2028 (1% collar compounded annually) and a maximum of £199,471 per annum (4% cap compounded annually)
  • Substantial Public House of approx. 672.00 sq m (7,233 sq ft)
  • Site area of approx. 0.40 Acres
  • Prominent road side position within major residential scheme
  • Lot
    21
  • Auction
    25th September 2024
  • Rent
    £163,951 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Public House
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
Important Update
  • Expand
  • Photos
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Freehold Long Let Substantial Public House Investment with RPI Linked Reviews

  • Let to Marston's PLC until March 2053 (No Breaks) providing 29 years until lease expiry
  • 5 yearly RPI linked annually compounded rent reviews subject to 1% collar and 4% cap
  • Rent rising to a minimum of £172,314 per annum from 2028 (1% collar compounded annually) and a maximum of £199,471 per annum (4% cap compounded annually)
  • Substantial Public House of approx. 672.00 sq m (7,233 sq ft)
  • Site area of approx. 0.40 Acres
  • Prominent road side position within major residential scheme
  • Lot 21
  • Auction 25th September 2024
  • Rent £163,951 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    Public House
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund

Property Information

Location
Miles
29 miles north of Cambridge, 37 miles east of Leicester, 41 miles north-east of Northampton, 75 miles north of London
Roads
A15, A1139, A47, A1(M) Junction 17
Rail
Peterborough Railway Station
Air
London Stansted Airport, London Luton Airport
Situation

The property is prominently located at the junction of Bellona Drive, Apollo Avenue and Jupiter Avenue, situated within a newly built, high density residential neighbourhood as well as being adjacent to a Morrisons Superstore. The property is conveniently positioned to provide for the local residents being the sole public house in the area. A 550,000 sq. ft. Amazon distribution warehouse, EUK5, is 1 mile to the west of the property.

Tenure

Freehold.

Location
Miles
29 miles north of Cambridge, 37 miles east of Leicester, 41 miles north-east of Northampton, 75 miles north of London
Roads
A15, A1139, A47, A1(M) Junction 17
Rail
Peterborough Railway Station
Air
London Stansted Airport, London Luton Airport
Situation

The property is prominently located at the junction of Bellona Drive, Apollo Avenue and Jupiter Avenue, situated within a newly built, high density residential neighbourhood as well as being adjacent to a Morrisons Superstore. The property is conveniently positioned to provide for the local residents being the sole public house in the area. A 550,000 sq. ft. Amazon distribution warehouse, EUK5, is 1 mile to the west of the property.

Tenure

Freehold.

Description

The property comprises a substantial two storey public house of approximately 672.00 sq m (7,233 sq ft) upon a site of 0.40 Acres.

VAT

VAT is applicable to this lot.

Note

Marston's PLC have an option to purchase the Freehold for £1 upon expiry of their occupational lease, subject to certain conditions being satisfied. Please refer to the Option Agreement within the legal pack for full information.

Completion Period

Six week completion

EPC

Band B.

Description

The property comprises a substantial two storey public house of approximately 672.00 sq m (7,233 sq ft) upon a site of 0.40 Acres.

VAT

VAT is applicable to this lot.

Note

Marston's PLC have an option to purchase the Freehold for £1 upon expiry of their occupational lease, subject to certain conditions being satisfied. Please refer to the Option Agreement within the legal pack for full information.

Completion Period

Six week completion

EPC

Band B.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Rent Review
Ground/First Public House
672.00
(7,233)
MARSTON'S PLC
(1)
40 years from 28/03/2013 until 27/03/2053
£163,951
25/03/2028
and 5 yearly thereafter
(2)
Total  
672.00
(7,233)
(3)
   
£163,951
 

(1) Marston’s is a leading UK operator having been part of the British pub landscape for over 180 years, now operating from over 1,400 pubs and employing 11,000 people (www.marstonspubs.co.uk).
(2) The 5 yearly rent reviews are linked to RPI uplifts subject to a minimum of 1% and a maximum of 4%. The next review will rise to a minimum of £172,314 per annum in applying a 1% per annum compound and a maximum of £199,471 per annum in applying a 4% per annum compound.
(3) The floor areas stated above are those provided by the EPC.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    19.09.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Seller's Solicitors
Slaughter & May
Mark Gulliford 020 7090 4226mark.gulliford@slaughterandmay.com  Eloise James +44 (0)20 7090 5106eloise.james@slaughterandmay.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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