Attractive Freehold Restaurant Investment
Attractive Freehold Restaurant Investment
Petersfield is an affluent and historic market town in the heart of the South Downs National Park. The property lies a short distance to the east of The Square, home to Hampshire Farmer’s Markets, as well as the entrance to the Rams Walk Shopping Centre. Nearby occupiers include M&S Simply Food, Boots, Poundland, Superdrug and NatWest Bank.
Freehold.
Petersfield is an affluent and historic market town in the heart of the South Downs National Park. The property lies a short distance to the east of The Square, home to Hampshire Farmer’s Markets, as well as the entrance to the Rams Walk Shopping Centre. Nearby occupiers include M&S Simply Food, Boots, Poundland, Superdrug and NatWest Bank.
Freehold.
The property, a busy restaurant and cafe, is arranged over four floors with ground and part first floor restaurant accommodation with kitchen/ancillary accommodation on part first, second and basement floors. The second floor was historically used as residential accommodation. The property also benefits from a rear external terrace.
VAT is applicable to this lot.
Six week completion available
Please refer to the Legal Pack.
The property, a busy restaurant and cafe, is arranged over four floors with ground and part first floor restaurant accommodation with kitchen/ancillary accommodation on part first, second and basement floors. The second floor was historically used as residential accommodation. The property also benefits from a rear external terrace.
VAT is applicable to this lot.
Six week completion available
Please refer to the Legal Pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Reviews |
|---|---|---|---|---|---|---|---|
| Ground Basement First Second |
Restaurant Ancillary Restaurant/Ancillary Ancillary |
141.00 35.00 90.00 50.00 |
(1,518) (377) (969) (538) |
CHICHESTER FOOD Co. LTD (trading as RUBY & MONTYS KITCHEN AND BAR) (1) | 15 years from 19th March 2021 until 18th March 2036 (2) |
£50,000 |
19th March 2026 19th March 2031 |
| Totals | 316.00 |
(3,402) |
£50,000 |
(1) www.rubyandmontys.co.uk/ Established in 2021, Ruby & Monty's serve breakfast, lunch & afternoon tea during the day and pizza & pasta in the evening.
(2) The tenant is currently benefitting from a 12 months half rent period from 25th March 2022 to 25th March 2023. The vendor will top up this amount on a pro rata basis in order for the property to effectively be producing a rent of £50,000 per annum from completion of the sale.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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