Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough

Voted by the Estates Gazette ‘Most Active Regional Agent in Cambridgeshire 2012, 2013, 2014, 2015’

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2 Crown Mews and The Crown Inn, 749 Lincoln Road, Peterborough, PE1 3HD

Mixed use comprising public house, 2 flats and former HMO

Parking to rear

NO VAT PAYABLE

To be sold either part let or with vacant possession on completion

Suitable for alternative uses STP

Price: £595,000

FREEHOLD FOR SALE Peterborough

01733 897722

Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office

LOCATION The property is located on Lincoln Road, at its junction with Crown Street, to the north of the ‘Triangle’, approximately 1.5 miles to the North of Peterborough City Centre.

The immediately surrounding area is predominantly residential in nature, with commercial retail, restaurant and similar uses fronting Lincoln Road itself.

DESCRIPTION The property comprises a former Public House, two self contained residential flats at first floor, and a self contained former 6 bed HMO over ground and first floors. The Public House is arranged over ground floor and provides a main bar area, WC’s and Kitchen, cellar, and small outside seating areas to the front and rear.

The public house has a ground floor net internal area of 151.92 sq m (1,635 sq ft) and a cellar of 60.69 sq m (653 sq ft), totalling 212.61 sq m (2,288 sq ft).

At first floor level above the public house are two self contained large two bedroom flats, accessed via an external staircase from the rear car park area. One of the flats has been fully refurbished and never occupied. The other flat has not been inspected but it is believed to be in need of full refurbishment.

Adjacent to the public house is a former HMO, latterly used as student accommodation. The property was constructed in 2014 and provides six en-suite bedrooms (with shower, WC and wash hand basin) arranged over ground and first floors, together with large communal kitchen, lounge and laundry room.

SERVICES Mains electricity, gas, water and drainage are all available to the premises. Interested parties are advised to make their own investigations in this regard since it is understood that a single supplies may currently be serving both the public house and the HMO, and it may therefore be necessary to install separate supplies or install sub-meters. No warranty can be given in respect of the condition or working order of services, fixtures and fittings.

VAT The property is NOT elected for VAT.

PLANNING The property has existing consents for uses as a Public House, residential flats and as an HMO. The property may be suitable for a variety of alternative uses, subject to relevant planning consents being obtained. TERMS

The property is for sale freehold. The property can be sold either with full Vacant Possession upon completion, or subject to the existing occupiers. Flat B is currently let on an AST at a rent of £450 per calendar month. The public house operator is occupying under a month to month agreement, however is prepared to sign a new 5 year lease at a rent of £12,000 per annum. Flat number 2 and the former HMO are currently vacant.

Further details upon request from the selling agents.

EPC’S The Public House has an EPC rating within Band D (77). Flat A has an EPC within Band E (54), and 2 Crown Mews has an EPC within Band C (74). An EPC has been commissioned for Flat B. Copies of the EPCs are available upon request. BUSINESS RATES & COUNCIL TAX The public house has a rateable value (2017 list) of £17,500. Interested parties are advised to verify the rates payable figure with Peterborough City Council. Flats A & B fall within Council Tax band A (£782.55 payable 2017/18), and the former HMO falls within Council Tax band D (£1,173.82 payable 2017/18).

PRICE The price is to be £595,000. VAT is not payable.

VIEWING STRICTLY BY APPOINTMENT ONLY:

Barker Storey Matthews 37 Priestgate, Peterborough

PE1 1JL Contact:

Julian Welch jw@bsm.uk.com

(01733) 897722

4G094 170804

Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough

Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office

Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough

ORDNANCE SURVEY PLAN

THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION OF THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED.

THIS PLAN IS PUBLISHED FOR IDENTIFICATION PURPOSES ONLY AND ALTHOUGH BELIEVED TO BE CORRECT, ITS ACCURACY IS NOT GUARANTEED AND IT DOES NOT FORM PART OF ANY CONTRACT. LICENCE NO. 100003928