95 - 99 Regent Street Leamington Spa Warwickshire CV32 4NT

95 - 99 Regent Street
Leamington Spa
Warwickshire
CV32 4NT

Freehold Restaurant/Retail Investment

  • Entirely let to Café Rouge Restaurants Limited
  • 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
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    10
  • Auction
    22nd October 2015
  • Rent
    £97,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,700,000
  • Sector
    Restaurant
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Restaurant/Retail Investment

  • Entirely let to Café Rouge Restaurants Limited
  • 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
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 10
  • Auction 22nd October 2015
  • Rent
  • Status Sold
  • Price £1,700,000
  • Sector
    Restaurant
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

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 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, which houses retailers including Marks & Spencer, New Look, Cath Kidston and GAP. Regent Court Shopping Centre lies diagonally opposite the property and 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 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, which houses retailers including Marks & Spencer, New Look, Cath Kidston and GAP. Regent Court Shopping Centre lies diagonally opposite the property and 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. The tenant carried out a major refurbishment program of the restaurant premises in late 2014. 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.

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 restaurant and bar over part ground and first floors with ancillary accommodation on the second floor. The tenant carried out a major refurbishment program of the restaurant premises in late 2014. 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.

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

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review
97-99 Ground
First
Second
Restaurant
Restaurant/Ancillary
Ancillary
106.65 sq m
87.79 sq m
65.03 sq m
(1,148 sq ft)
(945 sq ft)
(700 sq ft)
CAFÉ ROUGE RESTAURANTS
LIMITED (1)
(t/a Café Rouge and Regent News) (2)
25 years from 06/09/1996 until 05/09/2021 £97,000 (3) 06/09/2016
95 Ground
Basement
Retail
Ancillary
21.31 sq m
21.76 sq m
(229 sq ft)
(234 sq ft)
Totals    
302.54 sq m
(3,256 sq ft)
    £97,000 (3)  

(1) Café Rouge Restaurants Limited are a subsidiary of Casual Dining Limited. The Casual Dining Group operates some of the UK’s favourite restaurant brands, including Bella Italia, Café Rouge and Belgo. The group employs over 10,000 people at over 250 locations. (Source: www.casualdininggroup.com 16/09/2015)
(2) The tenant has sublet 95 Regent Street to Individuals (t/a Regent News).
(3) Café Rouge Restaurants Ltd is currently operating under the terms of a CVA (available on request) which ends in June 2016. The rent of £97,000 pa less the sub rent of £17,000 is being paid monthly by Casual Dining Restaurant Group Limited on behalf of Café Rouge. Casual Dining Restaurant Group Limited also collects and then pays the sub rent of £17,000 pa quarterly to the Landlord. Please refer to the legal pack for more information.

Property Documents

  • Site Plan
    Updated Date
    30.09.15
    File Size
    87 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    1,009 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

Seller's Solicitors
Spratt Endicott 52 - 54 The Green
Banbury
Oxfordshire
OX16 9AB
Andrew Woods 01295 204 110awoods@se-law.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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