Immediately adjacent to McDonald’s Drive-Thru and Waitrose
Adjoining Weston and Gallagher Retail Parks
Modern purpose built restaurant
Lot 34
Auction 18th October 2012
Rent £84,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Restaurant
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Estimated District Population
82,900
Miles
1 mile from Weston Super Mare town centre, 17 miles south-west of Bristol ,23 miles south-west of Bath
Roads
A38, A370, A371, M5
Rail
London Paddington
Air
Bristol
Situation
Prominently situated facing Western Circus roundabout occupying a position adjoining McDonald's Drive-Thru and Blockbusters. Facing and adjoining occupiers include an Asda Supermarket, Next, PC World, Currys, Staples, Wickes, Comet, Mothercare, Poundstretcher and Halfords on the Weston and Gallagher Retail Parks.
Tenure
Freehold.
Location
Estimated District Population
82,900
Miles
1 mile from Weston Super Mare town centre, 17 miles south-west of Bristol ,23 miles south-west of Bath
Roads
A38, A370, A371, M5
Rail
London Paddington
Air
Bristol
Situation
Prominently situated facing Western Circus roundabout occupying a position adjoining McDonald's Drive-Thru and Blockbusters. Facing and adjoining occupiers include an Asda Supermarket, Next, PC World, Currys, Staples, Wickes, Comet, Mothercare, Poundstretcher and Halfords on the Weston and Gallagher Retail Parks.
Tenure
Freehold.
Description
The property comprises a purpose built modern restaurant with restaurant accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from approximately 62 car parking spaces and a site area of 0.27317 hectares (0.675 acres) with a 17% site coverage.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a purpose built modern restaurant with restaurant accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from approximately 62 car parking spaces and a site area of 0.27317 hectares (0.675 acres) with a 17% site coverage.
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 First
Restaurant/Ancillary Ancillary
384.60 sq m 69.18 sq m
(4,140 sq ft) (744 sq ft)
PIZZA HUT (UK)LIMITED (1)
25 years from 7th January 2002 until 2027 on a full repairing and insuring lease
£84,000 (2)
7th January 2012 and 5 yearly
Totals
453.78 sq m
(4,884 sq ft)
£84,000
(1) Pizza Hut (UK) Limited operate from over 11,000 restaurants globally, with its parent company, Yum, with more than 37,000 locations in 117 countries. (2)The rent is inclusive of £2,000 per annum management charge.
