Let to Prezzo Trading Limited until 2031 (No Breaks)
Grade II Listed Building
Within close proximity to New Forest Heritage Centre and Car Park
Nearby occupiers include Costa, Budgens, Lloyds Bank, The Crown Hotel, Ferrari and Maserati car showrooms
Lot 18
Auction 22nd September 2022
Rent £60,000 per Annum Exclusive
Status Sold
Price £700,000
Sector Restaurant
Auction Venue Live Streamed Auction
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, an attractive Grade II Listed building, 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, an attractive Grade II Listed building, 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 sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Restaurant/Ancillary Ancillary
192.60 69.20
(2,073) (744)
PREZZO TRADING LIMITED (1)
25 years from 25th May 2006 until 2031 on a full repairing and insuring lease
£60,000
25/04/2026
Total Approximate Floor Area
261.80
(2,817) (2)
£60,000
(1) Prezzo began in 2000 with their first restaurant in New Oxford Street, London. They are now one of the most well-known and most loved Italian dining restaurants on the high street. Today they have 150 restaurants with a team of over 2,500 people across the UK. (Source: www.prezzo.co.uk 30/08/2022) (2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
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.
