The Apple Cart Bellona Drive Peterborough Cambridgeshire 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Withdrawn Prior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
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

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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Status Withdrawn Prior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

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

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.