Available
Spalding – Public House
The Lincolnshire Poacher, Double Street, Spalding PE11 2AAFreehold Public House Investment
Price
£380,000
Rent P.A.
£25,740
Yield
6.77%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
6y
Area
7,158 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Let until March 2031. No breaks. Rent review in 2027 and 2030.
- Comprises large public house with outdoor garden and 7 staff/letting bedrooms
- Situated in the heart of the town centre with occupiers nearby including
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises large public house with 7-bedrooms, suitable for letting rooms or staff accommodation, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, commercial kitchen, games area, large patio at rear for c.20 covers, customer wc`s
First Floor: 7-bedroom staff or letting accommodation, kitchen, bathroom
Total GIA: 665 sq m (7,158 sq ft)
Ground Floor: Open plan bar & restaurant, commercial kitchen, games area, large patio at rear for c.20 covers, customer wc`s
First Floor: 7-bedroom staff or letting accommodation, kitchen, bathroom
Total GIA: 665 sq m (7,158 sq ft)
Tenancy Description
The property is at present let to HIR Foods Ltd (with personal guarantee) for a term of 6 Years and 11 Months from 1st May 2024 at a current rent of £25,740 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.05.27 and 01.05.30 open market upward only. No breaks. Lease within Landlord & Tenant Act 1954. Deposit held of £5,500.
Tenancies & Accommodation

Location Description
Spalding is a market town on the River Welland in the South Holland district of Lincolnshire, England. Spalding railway station is situated on the Lincoln Central - Peterborough railway line, operated by East Midlands Railway. The service provide convenient access to Peterborough for employment and shopping. The property is located across the way from the River Welland and close to local amenities and parks.