The Bluebell Fulwell Road Fulwell, Sunderland Tyne & Wear SR6 9AD

The Bluebell
Fulwell Road
Fulwell, Sunderland
Tyne & Wear
SR6 9AD

Freehold Public House Investment

Let to Stonegate Pub Company Limited until 2040 (no breaks)
5 yearly rent reviews linked to the Retail Price Index
Popular community pub
Prominent corner position at busy crossroads adjacent to Sainsbury’s Superstore
Substantial ground floor trading area
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
29
Auction
21st May 2015
Rent
£92,451 per Annum
Status
Sold
Price
£1,100,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

Freehold Public House Investment

Let to Stonegate Pub Company Limited until 2040 (no breaks)
5 yearly rent reviews linked to the Retail Price Index
Popular community pub
Prominent corner position at busy crossroads adjacent to Sainsbury’s Superstore
Substantial ground floor trading area
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 29
Auction 21st May 2015
Rent £92,451 per Annum
Status Sold
Price £1,100,000
Sector
Public House
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

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

The property is situated at the busy crossroads of Fulwell Road, Sea Road, Dene Lane and Station Road (B1291) leading to the Newcastle Road (A1018). A Sainsbury’s Superstore lies adjacent to the property while other nearby occupiers include Vets 4 Pets and Subway.

Tenure

Freehold.

Location

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

Tenure

Freehold.

Description

The property comprises a ground floor public house with basement cellar and a function room and four bedroom manager’s flat on the first floor. In addition, there is a self-contained retail unit fronting Fulwell Road which is currently occupied by a sub-tenant. The entire property occupies a substantial site of approximately 0.286 hectares (0.707 acres) including a large car park to the
rear.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reviews
Basement Ground First Ground	Cellar Public House Function Room Residential – 4 bed flat Retail	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 completion until 2040 on a full repairing and insuring lease (2)	£92,451	2020 and five yearly (3)
Totals		1,147.54 sq m	(12,351 sq ft)			£92,451

(1) For the year ending 28th September 2014, Stonegate Pub Company Limited reported a turnover of £557,699,000 and a net worth of £99,379,000. (Source: Stonegate Pub Company Limited Annual report and financial statements). For the full accounts please refer to the legal pack. Stonegate Pub Company Limited began trading in 2010 following the acquisition of 333 Mitchells & Butlers pubs. In 2011, Stonegate merged with Town & City Pub Company Limited adding a further 230 UK pubs to its estate, including the Yates’s and Slug & Lettuce brands. The company is the UK’s largest privately held managed pub operator with approximately 620 pubs and bars. Stonegate is owned by investment funds managed by TDR Capital LLP. (Source: www.tdrcapital.com)
(2)The tenant is currently occupying under the terms of an existing lease which will be extended until 2040 by virtue of a reversionary lease upon completion of the sale providing an unbroken unexpired term of 25 years.
(3)The rent reviews are linked to the Retail Price Index subject to uplifts comprising a minimum of 1% and a maximum of 4% per annum compounded.

NB. The adjacent Sainsbury’s also use the car park for customer parking and has a sub lease over 15 car parking spaces.