20 High Street Lyndhurst Hampshire SO43 7BD

20 High Street
Lyndhurst
Hampshire
SO43 7BD

Freehold Restaurant Investment

Let to Prezzo Limited until 2031 (no breaks)
Attractive and affluent New Forest town
Close to New Forest Centre and Car Park
Nearby occupiers include Costa, Budgens, Lloyds Bank, The Crown Hotel, Ferrari and Maserati car showrooms

Lot
15
Auction
11th July 2018
Rent
£60,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Restaurant Investment

Let to Prezzo Limited until 2031 (no breaks)
Attractive and affluent New Forest town
Close to New Forest Centre and Car Park
Nearby occupiers include Costa, Budgens, Lloyds Bank, The Crown Hotel, Ferrari and Maserati car showrooms

Lot 15
Auction 11th July 2018
Rent £60,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Restaurant
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 8 miles north of Lymington, 9 miles south-west of Southampton,19 miles north-east of Bournemouth
Roads: A35, A31, A338, M27
Rail: Ashurst New Forest Railway Station, Beaulieu Road Railway Station
Air: Bournemouth Airport

Situation

Lyndhurst is an attractive and affluent town located in the heart of the New Forest National Park, a short distance from Lymington, Southampton and Bournemouth. The property is situated on the south side of the busy High Street, with nearby occupiers including Costa, Budgens, Lloyds Bank, The Crown Hotel, Ferrari and Maserati car showrooms and a number of independent retailers and A3 users.

Tenure

Freehold.

Location

Miles: 8 miles north of Lymington, 9 miles south-west of Southampton,19 miles north-east of Bournemouth
Roads: A35, A31, A338, M27
Rail: Ashurst New Forest Railway Station, Beaulieu Road Railway Station
Air: Bournemouth Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor restaurant with a kitchen and rear store. The first floor comprises storage and customer/staff WCs. The property benefits from an attractive central courtyard which provides additional seating.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reviews
Ground Ground (Rear Store) First	Restaurant Ancillary Ancillary	170 sq m 14 sq m 61 sq m	(1,829 sq ft) (151 sq ft) (657 sq ft)	PREZZO LIMITED (1)	25 years from 25/04/2006 until 2031 on a full repairing and insuring lease	£60,000	25/04/2021 & 5 yearly
Total		245 sq m	(2,637 sq ft)			£60,000

(1) For the year ending 1st January 2017, Prezzo Limited reported a turnover of £218,618,000, pre-tax profits of £5,099,000 and a total net worth of £125,610,000 (Source: Experian Group 05/06/2018). Website: www.prezzorestaurants.co.uk