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Status Withdrawn Post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
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.
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
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.
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
Contacts
Seller's Solicitors
Benson Mazure LLP 66-70 Baker Street London W1U 7DJ
