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1/5
1

The Hub, Newton Way, Fengate, Peterborough

Guide price

£2,850,000

Size

14,176

Tenure

Freehold

EPC

Ask agent

Parking

50

Primary use
Hotel
Bedrooms
45
Floorplan
1

Building amenities

Additional costs may apply for some services – please check the full property description for more details.

  • Parking

Key features

  • C1 Hotel Use
  • Gross Yield of 10%
  • low Capital Value of 201 psf

Description

• Freehold investment opportunity.

• Sale and leaseback of a substantial detached property arranged as a 45 Bedroom Hotel (previously a care home).

• The property is a detached building of 14,176 sq ft.

• 1.28 Acre Site including 50 Off-Street Parking Spaces.

• Arranged as 45 ensuite bedrooms, 1 bedroom flat, offices and ancillary accommodation.

• Current planning consent is C1 Hotel Use.

• Let to Verve Hotels Ltd on a new 15-year FRI lease.

• Passing rent of £285,000 per annum.

• LHA £132.33 per unit per week/ £316,533 p.a.

• Guide Price - £2,850,000 plus VAT and equating to a Gross Yield of 10% and a low Capital Value of £201 psf.
Additional information
Service charge
Ask agent
Business rates
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Use class
C1
Listed building
No
Business for sale
No
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

Ask agent

Environmental data
BREEAM rating
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Environmental description
Ask agent
Read more about energy considerations for commercial property

Brochure

The Hub, Newton Way, Fengate, Peterborough

Map showing property location

NEAREST STATIONS

National Rail

Peterborough Station

1.39 miles

National Rail

Whittlesea Station

4.46 miles

About ESTATE OFFICE INVESTMENTS LIMITED, London

ESTATE OFFICE INVESTMENTS LIMITED, London

A London based boutique property consultancy with a global track record. We are investment and development land specialists, primarily selling land and buildings with and without planning permission, with a focus on residential blocks and commercial investment opportunities in retail, leisure and office space. We also act on behalf of clients on residential and commercial acquisitions.

Established in 1983 with exceptional combined experience, our dynamic team of fourteen work tirelessly to deliver the best possible outcomes for our clients. Entrepreneurial in style with the success which comes with several decades of service, our clients see Estate Office as their long-standing agency of choice

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Disclaimer - Property reference TheHub. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ESTATE OFFICE INVESTMENTS LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.