Little Chef A9 Southbound, Braco Dunblane Perthshire FK15 0NB

Little Chef
A9 Southbound, Braco
Dunblane
Perthshire
FK15 0NB

Heritable Roadside Restaurant Investment

  • Let to Riverside Restaurants Limited t/a Little Chef until 2041 (no breaks)
  • Annual 2.5% rental increases
  • Prominent position fronting the busy A9 Perth to Stirling dual carriageway
  • Situated adjacent to a Shell Petrol Filling Station
  • On-site car parking for approximately 40 cars
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    90
  • Auction
    22nd October 2015
  • Rent
    £34,791 per Annum Exclusive
  • Status
    Sold
  • Price
    £225,000
  • Sector
    Restaurant
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Mortgagees in Possession
Important Update
  • Expand
  • Photos
  • Map

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

Heritable Roadside Restaurant Investment

  • Let to Riverside Restaurants Limited t/a Little Chef until 2041 (no breaks)
  • Annual 2.5% rental increases
  • Prominent position fronting the busy A9 Perth to Stirling dual carriageway
  • Situated adjacent to a Shell Petrol Filling Station
  • On-site car parking for approximately 40 cars
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 90
  • Auction 22nd October 2015
  • Rent
  • Status Sold
  • Price £225,000
  • Sector
    Restaurant
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Mortgagees in Possession

Property Information

Location
Miles
11 miles north-east of Stirling, 26 miles south-west of Perth, 36 miles north-east of Glasgow
Roads
A9, M9, M90
Rail
Dunblane
Air
Glasgow Airport
Situation

The property is situated in a prominent position fronting the busy A9 Perth to Stirling dual carriageway, approximately 4 miles north of the M9 Motorway which links Dunblane to Edinburgh. The property benefits from being adjacent to a Shell Petrol Filling Station.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location
Miles
11 miles north-east of Stirling, 26 miles south-west of Perth, 36 miles north-east of Glasgow
Roads
A9, M9, M90
Rail
Dunblane
Air
Glasgow Airport
Situation

The property is situated in a prominent position fronting the busy A9 Perth to Stirling dual carriageway, approximately 4 miles north of the M9 Motorway which links Dunblane to Edinburgh. The property benefits from being adjacent to a Shell Petrol Filling Station.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a ground floor restaurant with approximately 52 covers, customer toilets, kitchen, preparation area and storage and freezer room. Access to the upper floor is via a hatch only and is no longer used by the tenant. Externally there is parking for approximately 40 cars and access is via a shared roadway from the A9 and a slip road.

Note
This property is being marketed for sale on behalf of Mortgagees in Possession and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Mortgagees in Possession to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Mortgagees in Possession are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 ground floor restaurant with approximately 52 covers, customer toilets, kitchen, preparation area and storage and freezer room. Access to the upper floor is via a hatch only and is no longer used by the tenant. Externally there is parking for approximately 40 cars and access is via a shared roadway from the A9 and a slip road.

Note
This property is being marketed for sale on behalf of Mortgagees in Possession and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Mortgagees in Possession to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Mortgagees in Possession are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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. Review
Ground
First
Restaurant
186.36 sq m
Not measured
(2,006 sq ft)
Not measured
RIVERSIDE
RESTAURANTS
LTD

(in liquidation) (1)
(t/a Little Chef) (2)
35 years from 21/03/2006
until 20/06/2041 on a full
repairing and insuring
lease
£34,791 21/06/2015 and
annually by 2.5%
Totals  
186.36 sq m
(2,006 sq ft)
    £34,791  

(1) The seller’s solicitors have a lease between TLLC Restaurants Limited and The People’s Restaurant Group Limited (as guarantor). They understand that TLLC assigned the lease to Riverside Restaurants, who have subsequently granted a licence to occupy to Wolfson Trago, but they have no documentation in connection with this. Wolfson Trago pay the rent to the liquidators of Riverside Restaurants Ltd.
(2) Wolfson Trago Limited is a wholly owned subsidiary of Kout Food Group, a Kuwaiti based conglomerate founded in 1982. In 2013, the Group expanded its portfolio in the UK with the acquisitions of Little Chef Group and South West Coffee Ltd. Kout Food Group’s current portfolio of brands in the UK includes Little Chef, Costa Coffee, Burger King, Subway, KFC and Cha Cha Moon and it employs nearly 3,000 people in the UK across over 200 stores. (Source: www.kfgkw-public.sharepoint.com)

Property Documents

  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    982 KB
    View PDF
  • Site Plan
    Updated Date
    30.09.15
    File Size
    66 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Shepherd and Wedderburn LLP 1 Exchange Crescent, Conference Square
Edinburgh
EH3 8UL
Hannah Currie 0131 473 5296hannah.currie@shepwedd.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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