Entirely let to Café Rouge Restaurants Limited (t/a Café Rouge) until 2021
Prominent corner unit in busy town centre location
Situated directly adjacent to Royal Priors Shopping Centre main entrance
Nearby occupiers include RBS, Caffè Nero, Lloyds TSB, River Island and Thorntons
Six Week Completion
Lot 47
Auction 17th October 2013
Rent £87,000 per Annum Exclusive
Status Sold
Price £1,360,000
Sector Restaurant
Auction Venue The Millennium Hotel 44 Grosvenor Square Mayfair London W1K 2HP
On the Instructions of Joint LPA recievers Zolfo Cooper
Property Information
Location
Miles
18 miles south-east of Birmingham
Roads
M40, A46, A452, A445, A425
Rail
Leamington Spa Rail
Air
Birmingham International Airport
Situation
The property is prominently situated in a prominent corner position on the northern side of Regent Street, at its junction with Satchwell Court which also provides the entrance to The Royal Priors Shopping Centre. Regent Court Shopping Centre also lies diagonally opposite the property. Other nearby occupiers include RBS, Caffè Nero, Lloyds TSB, River Island and Thorntons.
Tenure
Freehold.
Location
Miles
18 miles south-east of Birmingham
Roads
M40, A46, A452, A445, A425
Rail
Leamington Spa Rail
Air
Birmingham International Airport
Situation
The property is prominently situated in a prominent corner position on the northern side of Regent Street, at its junction with Satchwell Court which also provides the entrance to The Royal Priors Shopping Centre. Regent Court Shopping Centre also lies diagonally opposite the property. Other nearby occupiers include RBS, Caffè Nero, Lloyds TSB, River Island and Thorntons.
Tenure
Freehold.
Description
The property comprises a restaurant and bar over part ground and first floors with ancillary accommodation on the second floor. In addition there is a self-contained ground floor retail unit with ancillary basement accommodation sublet to and trading as a newsagent, accessed from Regent Street.
Note
This property is being marketed for sale on behalf of CP Holder, KJ Coates and AC O’Keefe as Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale 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
The property comprises a restaurant and bar over part ground and first floors with ancillary accommodation on the second floor. In addition there is a self-contained ground floor retail unit with ancillary basement accommodation sublet to and trading as a newsagent, accessed from Regent Street.
Note
This property is being marketed for sale on behalf of CP Holder, KJ Coates and AC O’Keefe as Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale 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.
(1) For the year ending 27th May 2012, Café Rouge Restaurants Limited reported a turnover of £113,395,000, pre-tax profits of £7,468,000 and a total net worth of £69,415,000. (Source: www.riskdisk.com 17/09/2013) (2) The tenant has sublet 95 Regent Street to Individuals (t/a Regent News).
Contacts
Seller's Solicitors
DLA Piper Princes Exchange, Princes Square Leeds LS1 4BY
