99 - 101 Mount Pleasant Road Tunbridge Wells Kent TN1 1QG

99 - 101 Mount Pleasant Road
Tunbridge Wells
Kent
TN1 1QG

Freehold Restaurant Investment

  • Entirely let to Took Us A Long Time Limited (guaranteed by Tasty plc) until 2036
  • Sublet to Cau Restaurants Limited guaranteed by Gioma (UK) Limited
  • Nearby occupiers include HSBC Bank, NatWest and Prezzo
  • Close to the Royal Victoria Place Shopping Centre
  • Lot
    9
  • Auction
    23rd October 2014
  • Rent
    £130,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,870,000
  • Sector
    Leisure
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Restaurant Investment

  • Entirely let to Took Us A Long Time Limited (guaranteed by Tasty plc) until 2036
  • Sublet to Cau Restaurants Limited guaranteed by Gioma (UK) Limited
  • Nearby occupiers include HSBC Bank, NatWest and Prezzo
  • Close to the Royal Victoria Place Shopping Centre
  • Lot 9
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £1,870,000
  • Sector
    Leisure
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
18 miles west of Maidstone, 45 miles south of London
Roads
A264, A26, M25
Rail
Station Road Rail Station
Air
London Gatwick
Situation

Tunbridge Wells is an affluent town in western Kent, about 45 miles south of Central London. The property is situated in the town centre on Mount Pleasant Road which is adjacent to the Royal Victoria Place Shopping Centre. Nearby occupiers include HSBC Bank, NatWest, Boots and Prezzo.

Tenure

Freehold.

Location
Miles
18 miles west of Maidstone, 45 miles south of London
Roads
A264, A26, M25
Rail
Station Road Rail Station
Air
London Gatwick
Situation

Tunbridge Wells is an affluent town in western Kent, about 45 miles south of Central London. The property is situated in the town centre on Mount Pleasant Road which is adjacent to the Royal Victoria Place Shopping Centre. Nearby occupiers include HSBC Bank, NatWest, Boots and Prezzo.

Tenure

Freehold.

Description

The property comprises a restaurant over basement, ground and first floor with residential accommodation on the second floor.

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 over basement, ground and first floor with residential accommodation on the second floor.

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
Basement
First
Second
Restaurant
Restaurant
Restaurant
Residential
163.21 sq m
17.16 sq m
120.20 sq m
71.61 sq m
(1,757 sq ft)
(185 sq ft)
(1,294 sq ft)
(770 sq ft)
TOOK US A LONG TIME LIMITED (1) guaranteed by Tasty plc (2) (3)
(t/a Cau Restaurant)
30 years from 21/03/2006 until 20/02/2036 on a full repairing and insuring lease £130,000 21/02/2016 and five yearly
Totals  
372.18 sq m
(4,006 sq ft)
    £130,000  

(1) For the year ending 29th December 2013, Took Us A Long Time Limited reported a turnover of £23,192,000, pre-tax profits of £1,772,000 and a total net worth of £593,000. (Source: www.riskdisk.com 18/09/2014)
(2)For the year ending 29th December 2013, Tasty plc reported a turnover of £23,192,000, pre-tax profits of £1,742,000 and a total net worth of £16,999,000.
(3)The property has been sublet to Cau Restaurants Limited until 2036 with a guarantee from Gioma (UK) Limited at a rent of £125,000 p.a.x. Cau Restaurant currently operate nine restaurants in the UK and Amsterdam (Source: www.caurestaurants.co.uk 24/09/2014). Gioma (UK) Limited trade as Gaucho Restaurants which has 14 branches throughout the UK with additional restaurants in Dubai and Buenos Aires. (Source: www.gauchorestaurants.co.uk 24/09/2014)

Property Documents

  • Catalogue Page
    Updated Date
    30.09.14
    File Size
    876 KB
    View PDF
  • Site Plan
    Updated Date
    30.09.14
    File Size
    93 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Setfords Solicitors Jenner House, 1a Jenner Road
Guildford
Surrey
GU1 3PH
Jane Lockyer 02033014037jlockyer@setfords.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now