Property photos
Under offer
Freehold
Non quoting
Property for sale
Rivergate, Peterborough PE137,462 sq. ft
Local area information
Property location
Nearby amenities
- Bishop Creighton Academy 0.3 miles
- Peterborough 0.5 miles
- St Augustine's CofE (Voluntary Aided) Junior School 0.6 miles
- Whittlesea 5.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Peterborough to find out more about the local area.
Features and description
- Freehold
- 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
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.
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.
More information
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