219 High Street Guildford Surrey GU1 3BJ

219 High Street
Guildford
Surrey
GU1 3BJ

Freehold Restaurant Investment

  • Let on a 20 year lease until 2036 to Jackson & Rye Restaurants Limited, guaranteed by Cote Restaurants Limited (no breaks)
  • Prominent Town Centre Location in affluent Surrey location High Street Car Park located to the rear
  • Nearby occupiers include CAU, Pizza Express, Giraffe and Zizzi
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    20
  • Auction
    30th March 2017
  • Rent
    £130,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,450,000
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Barts Charity
  • Expand
  • Photos
  • Map

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

Freehold Restaurant Investment

  • Let on a 20 year lease until 2036 to Jackson & Rye Restaurants Limited, guaranteed by Cote Restaurants Limited (no breaks)
  • Prominent Town Centre Location in affluent Surrey location High Street Car Park located to the rear
  • Nearby occupiers include CAU, Pizza Express, Giraffe and Zizzi
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 20
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £2,450,000
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Barts Charity

Property Information

Location
Miles
6 miles south of Woking, 30 miles south-west of London
Roads
A3001, A25 & A3
Rail
London Road Rail & Guildford Rail
Air
London Gatwick & London Heathrow Airport
Situation

Guildford is a popular London commuter town in the affluent county of Surrey. The property is
prominently situated on the northern side of the High Street, in a predominantly leisure dominated pitch around a three minute walk from the pedestrianised High Street thoroughfare. To the rear of the property is the High Street car park, which provides parking for approximately 49 cars. Nearby occupiers include CAU, Pizza Express, Giraffe and Zizzi, with G Live Entertainment Centre and the 4* luxury Guildford Harbour Hotel also located nearby.

Tenure

Freehold.

Location
Miles
6 miles south of Woking, 30 miles south-west of London
Roads
A3001, A25 & A3
Rail
London Road Rail & Guildford Rail
Air
London Gatwick & London Heathrow Airport
Situation

Guildford is a popular London commuter town in the affluent county of Surrey. The property is
prominently situated on the northern side of the High Street, in a predominantly leisure dominated pitch around a three minute walk from the pedestrianised High Street thoroughfare. To the rear of the property is the High Street car park, which provides parking for approximately 49 cars. Nearby occupiers include CAU, Pizza Express, Giraffe and Zizzi, with G Live Entertainment Centre and the 4* luxury Guildford Harbour Hotel also located nearby.

Tenure

Freehold.

Description

The property comprises a three storey building with restaurant accommodation on the ground and first floors and ancillary, office and plant accommodation on the second floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a three storey building with restaurant accommodation on the ground and first floors and ancillary, office and plant accommodation on the second floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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
First
Second
Restaurant (A3)
Restaurant (A3)
Ancillary/Plant
225.7 sq m
197.4 sq m
178.9 sq m
(2,429 sq ft)
(2,125 sq ft )
(1,926 sq ft)
JACKSON & RYE
RESTAURANTS LIMITED
(1) GUARANTEED BY
COTE RESTAURANTS
LIMITED (2)

20 years from
30/08/2016 until
29/08/2036 on a full
repairing and
insuring lease

£130,000 (3) 30/08/2021
and five
yearly
Total  
602 sq m
(6,480 sq ft)
 
£130,000 (3)  

(1) Jackson & Rye first opened its doors in Soho in 2013 providing home cooked American style food, and now has another 4 restaurants across London. Jackson and Rye are a subsidiary of Cote Restaurants Group Holdings Limited.
(2) For the year ending 2nd August 2015, Cote Restaurants Limited reported a turnover of £108,052,072, pre-tax profits of £14,122,648 and a total net worth of £37,897,437 (Source: Experian Group 08/02/2017).
(3) For the purposes of clarification, Jackson & Rye Restaurants Limited is currently benefitting from a rent free period due to expire on 28/02/2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £130,000 p.a.x. from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    2 MB
    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
Taylor Wessing LLP 5 New Street Square
London
EC4A 3TW
Hanna Ross 0207 300 7154h.ross@taylorwessing.com

Useful Links

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

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