Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
18 miles south-east of Birmingham
Roads
M40, A46, A452, A445, A425
Rail
Leamington Spa Rail
Air
Birmingham International Airport
Situation
The property is situated in a prominent corner position on the northern side of Regent Street, at its junction with Satchwell Court which also provides the entrance to The Royal Priors Shopping Centre, which houses retailers including Marks & Spencer, New Look, Cath Kidston and GAP. Regent Court Shopping Centre lies diagonally opposite the property and nearby occupiers include RBS, Caffè Nero, Lloyds TSB, River Island and Thorntons.
Tenure
Freehold.
Location
Miles
18 miles south-east of Birmingham
Roads
M40, A46, A452, A445, A425
Rail
Leamington Spa Rail
Air
Birmingham International Airport
Situation
The property is situated in a prominent corner position on the northern side of Regent Street, at its junction with Satchwell Court which also provides the entrance to The Royal Priors Shopping Centre, which houses retailers including Marks & Spencer, New Look, Cath Kidston and GAP. Regent Court Shopping Centre lies diagonally opposite the property and nearby occupiers include RBS, Caffè Nero, Lloyds TSB, River Island and Thorntons.
Tenure
Freehold.
Description
The property comprises a restaurant and bar over part ground and first floors with ancillary accommodation on the second floor. The tenant carried out a major refurbishment program of the restaurant premises in late 2014. In addition there is a self-contained ground floor retail unit with ancillary basement accommodation sublet to and trading as a newsagent, accessed from Regent Street.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a restaurant and bar over part ground and first floors with ancillary accommodation on the second floor. The tenant carried out a major refurbishment program of the restaurant premises in late 2014. In addition there is a self-contained ground floor retail unit with ancillary basement accommodation sublet to and trading as a newsagent, accessed from Regent Street.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) Café Rouge Restaurants Limited are a subsidiary of Casual Dining Limited. The Casual Dining Group operates some of the UK’s favourite restaurant brands, including Bella Italia, Café Rouge and Belgo. The group employs over 10,000 people at over 250 locations. (Source: www.casualdininggroup.com 16/09/2015) (2) The tenant has sublet 95 Regent Street to Individuals (t/a Regent News). (3) Café Rouge Restaurants Ltd is currently operating under the terms of a CVA (available on request) which ends in June 2016. The rent of £97,000 pa less the sub rent of £17,000 is being paid monthly by Casual Dining Restaurant Group Limited on behalf of Café Rouge. Casual Dining Restaurant Group Limited also collects and then pays the sub rent of £17,000 pa quarterly to the Landlord. Please refer to the legal pack for more information.
Contacts
Seller's Solicitors
Spratt Endicott 52 - 54 The Green Banbury Oxfordshire OX16 9AB
