Prezzo, Upper Ground Floor The Former County Hotel, 58 -59 Westover Road Bournemouth Dorset BH1 2BZ

Prezzo, Upper Ground Floor
The Former County Hotel, 58 -59 Westover Road
Bournemouth
Dorset
BH1 2BZ

Prominent Restaurant Investment

  • Let to Prezzo Plc on a 25 Year Lease until 2039 (no breaks)
  • Prominent position in prime leisure area between town centre and seafront
  • Nearby occupiers include Premier Inn, Odeon Cinemas, The Pavilion Theatre and Chimichanga Restaurant
  • Rent rising from £85,000 to £95,000
  • Lot
    39
  • Auction
    23rd October 2014
  • Status
    Sold
  • Price
    £1,130,000
  • Sector
    Restaurant
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
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* More information on the term "guide" can be found here

Prominent Restaurant Investment

  • Let to Prezzo Plc on a 25 Year Lease until 2039 (no breaks)
  • Prominent position in prime leisure area between town centre and seafront
  • Nearby occupiers include Premier Inn, Odeon Cinemas, The Pavilion Theatre and Chimichanga Restaurant
  • Rent rising from £85,000 to £95,000
  • Lot 39
  • Auction 23rd October 2014
  • Status Sold
  • Price £1,130,000
  • Sector
    Restaurant
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
33 miles south-west of Southampton, 28 miles south of Salisbury, 40 miles south-west of Winchester
Roads
A338, A35, A31, M27, M3
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation

The property is situated in a prominent corner location on the northern side of the prestigious Westover Road, just off Bath Road (A3066) which is the main road into Bournemouth town centre. The property lies in a prime leisure location between the town centre and the seafront less than 100 metres from three major council car parks providing a total of over 450 parking spaces. Nearby occupiers include Premier Inn, Odeon Cinemas, Grosvenor Casino, The
Pavilion Theatre, Chimichanga Restaurant and the iconic Royal Bath Hotel.

Tenure

Virtual Freehold. Held for a term of 999 years from 25th December 2001 with a ground rent of £1.

Location
Miles
33 miles south-west of Southampton, 28 miles south of Salisbury, 40 miles south-west of Winchester
Roads
A338, A35, A31, M27, M3
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation

The property is situated in a prominent corner location on the northern side of the prestigious Westover Road, just off Bath Road (A3066) which is the main road into Bournemouth town centre. The property lies in a prime leisure location between the town centre and the seafront less than 100 metres from three major council car parks providing a total of over 450 parking spaces. Nearby occupiers include Premier Inn, Odeon Cinemas, Grosvenor Casino, The
Pavilion Theatre, Chimichanga Restaurant and the iconic Royal Bath Hotel.

Tenure

Virtual Freehold. Held for a term of 999 years from 25th December 2001 with a ground rent of £1.

Description

The property comprises an upper ground floor restaurant which benefits from an outdoor seating area and a lift designed for wheelchair users.

Six Week Completion

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 an upper ground floor restaurant which benefits from an outdoor seating area and a lift designed for wheelchair users.

Six Week Completion

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
Upper Ground Restaurant
258.39 sq m
(2,781 sq ft)
PREZZO PLC (1) 25 years from completion on a full repairing lease £85,000 5 yearly with minimum uplift at first review to
£95,000
Totals  
258.39 sq m
(2,781 sq ft)
    £85,000  

(1) For the year ending 29th December 2013, Prezzo plc reported a turnover of £166,541,000, pre-tax profits of £18,449,000 and a total net worth of £105,802,000 (Source: www.riskdisk.com 19/09/2014)

Property Documents

  • Catalogue Page
    Updated Date
    30.09.14
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    30.09.14
    File Size
    59 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
Glovers Solicitors 6 York Street
London
W1U 6QD
Philip Shotter 0207 935 8882pshotter@glovers.co.uk

Useful Links

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

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