Zizzi, Unit 1, Surbiton Plaza, 38 Victoria Road, Surbiton Surrey KT6 4JL

Zizzi, Unit 1,
Surbiton Plaza, 38 Victoria Road,
Surbiton
Surrey
KT6 4JL

Attractive Restaurant Investment in Affluent London Suburb

Ground and Lower Ground let to Ask Restaurants Limited (t/a Zizzi) until 2033 (subject to option)
Forms part of the Surbiton Plaza mixed use development in town centre
Nearby occupiers include Sainsbury’s, Superdrug, Nationwide and Costa Coffee
Six Week Completion Available

Lot
20
Auction
18th October 2012
Rent
£85,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Joint LPA Receivers, Jones Lang LaSalle

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Attractive Restaurant Investment in Affluent London Suburb

Ground and Lower Ground let to Ask Restaurants Limited (t/a Zizzi) until 2033 (subject to option)
Forms part of the Surbiton Plaza mixed use development in town centre
Nearby occupiers include Sainsbury’s, Superdrug, Nationwide and Costa Coffee
Six Week Completion Available

Lot 20
Auction 18th October 2012
Rent £85,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Restaurant
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Joint LPA Receivers, Jones Lang LaSalle

Property Information

Location

Miles: 10 miles west of Croydon, 12 miles south-west of Central London
Roads: A3, A309
Rail: Surbiton Rail Station (17 minutes to London Waterloo)
Air: London Heathrow.

Situation

The property is situated on the northern side of Victoria Road within a Conservation Area in Surbiton town centre. The property forms part of Surbiton Plaza, a mixed residential and commercial scheme (www.surbitonplaza.co.uk). Nearby occupiers include Sainsbury’s, Superdrug, Nationwide and Costa Coffee.

Tenure

Virtual Freehold. of ground and lower ground floors. Held for a term of 999 years until 3011 at a peppercorn ground rent.

Location

Miles: 10 miles west of Croydon, 12 miles south-west of Central London
Roads: A3, A309
Rail: Surbiton Rail Station (17 minutes to London Waterloo)
Air: London Heathrow.

Situation

Tenure

Virtual Freehold. of ground and lower ground floors. Held for a term of 999 years until 3011 at a peppercorn ground rent.

Description

The property comprises a restaurant over ground and lower ground floors.

NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

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 Lower Ground	Restaurant Restaurant	261.35 sq m 124.31 sq m	(2,813 sq ft) (1,338 sq ft)	ASKRESTAURANTSLIMITED (1) T/AZIZZI	25 years from 25/02/2008 until 24/02/2033 on a full repairing and insuring lease (2)	£85,000	15/02/2013 and five yearly thereafter
Totals		385.66 sq m	(4,151 sq ft)			£85,000

(1) For the year ending 26th June 2011, Ask Restaurants Limited reported a turnover of £193,348,000, pre-tax profits of £16,997,000 and a total net worth of £130,453,000. (Source: www.riskdisk.com 17/09/2012)
(2)The lease provides a tenant’s option to determine on 25th February 2023.