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Agent's details

Property agent
Rebecca Harper

Rivergate, PE1

For sale: POA|0.86 Acre|Other, Other Property Types & Opportunities

Property details

FOR SALEPOA
SIZE0.86 Acre
ADDRESSRivergate, Peterborough, PE1 1EN
TYPEOther, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON10th June 2025

Description

Key Points

  • City centre 126-bedroom Premier Inn hotel with restaurant
  • Situated 10 minutes walk from Peterborough train station
  • Let to Premier Inn Hotels Ltd for a long unexpired term of 20.5 years
  • Current passing rent of 642,600 per annum, reflecting a low rent per room of 5,100. The next review is due on 30 September 2025. Rent to be topped up to 752,174 per annum
  • 5 yearly (compounded annually) CPI linked upwards only rent reviews (collared at 0% & 4%)
  • Excellent ESG credentials with an EPC rating of A22
  • Site area of 0.86 acres (0.35 hectares)
  • Freehold
  • Summary

    Investment Opportunity - Premier Inn - Peterborough

    Description

    The property comprises a modern purpose built budget hotel. Constructed in 2020, the hotel is laid out over ground and two upper floors providing a total of 126 rooms with a bar/restaurant.

    Location

    The property occupies a prominent island site to the southern edge of Peterborough city centre.

    Rivergate (A15) is a one way system that runs through the city centre linking to the outer ring road. The surrounding area is a mixture of retail, office and residential.

    Location

    marker
    Location: Rivergate, Peterborough, PE1 1EN

    Peterborough (0.5 miles)

    Whittlesea (5.2 miles)

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