15 - 17 High Street Ely Cambridgeshire CB7 4LQ

15 - 17 High Street
Ely
Cambridgeshire
CB7 4LQ

Freehold Retail/Restaurant Investment

  • Let to Tasty Plc
  • Lease expires February 2037 (No breaks)
  • New lease from February 2012
  • Nearby occupiers include Waitrose, Prezzo, Pizza Express, Caffé Nero and Fat Face
  • Short walk from Ely Cathedral - a popular tourist attraction
  • Attractive and affluent Cathedral City
  • VAT-free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    33
  • Auction
    13th October 2016
  • Rent
    £90,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Freehold Retail/Restaurant Investment

  • Let to Tasty Plc
  • Lease expires February 2037 (No breaks)
  • New lease from February 2012
  • Nearby occupiers include Waitrose, Prezzo, Pizza Express, Caffé Nero and Fat Face
  • Short walk from Ely Cathedral - a popular tourist attraction
  • Attractive and affluent Cathedral City
  • VAT-free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 33
  • Auction 13th October 2016
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
14 miles north-east of Cambridge, 28 miles south of King’s Lynn
Roads
A10, A142
Rail
Ely Railway Station
Air
London Stansted Arport
Situation

Ely is an attractive City which is dominated by the large Norman Cathedral that is a popular tourist attraction. The property is located on the northern side of High Street, near to it's junction with the pedestrianised Chequer Lane, only a short walk from the Cathedral. Nearby occupiers include Waitrose, Boots the Chemist, Wilko, Sports Direct, Savers Health & Beauty, Fat Face, Mountain Warehouse, Costa, New Look and Prezzo.

Tenure

Freehold.

Location
Miles
14 miles north-east of Cambridge, 28 miles south of King’s Lynn
Roads
A10, A142
Rail
Ely Railway Station
Air
London Stansted Arport
Situation

Ely is an attractive City which is dominated by the large Norman Cathedral that is a popular tourist attraction. The property is located on the northern side of High Street, near to it's junction with the pedestrianised Chequer Lane, only a short walk from the Cathedral. Nearby occupiers include Waitrose, Boots the Chemist, Wilko, Sports Direct, Savers Health & Beauty, Fat Face, Mountain Warehouse, Costa, New Look and Prezzo.

Tenure

Freehold.

Description

The property comprises a large ground floor restaurant with a cinema room and ancillary accommodation at first floor. The property was comprehensively refurbished in 2011.

VAT

VAT is not 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 large ground floor restaurant with a cinema room and ancillary accommodation at first floor. The property was comprehensively refurbished in 2011.

VAT

VAT is not 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 Review
Ground
First
Restaurant/Ancillary
Cinema Room/Ancillary
360.28 sq m
110.09 sq m
(3,878 sq ft)
(1,185 sq ft)
TASTY PLC (1)
t/a Wildwood
25 years from 13/02/2012 until 12/02/2037 on a full repairing and insuring lease) £90,000 13 /02/2017 and five yearly thereafter
TOTALS  
470.37 sq m
(5,063 sq ft)
    £90,000  

(1) Tasty Plc are a UK restaurant operator currently trading from 53 restaurants (over 40 as Wildwood) with plans for continued expansion. Other Wildwood restaurants include Cambridge, Canary Wharf, Covent Garden, Chichester, Cheam and Kingston. The principal shareholding directors of Tasty Plc include the founders of the restaurant chain Ask Italian. For the year ending 27th December 2015, Tasty Plc reported a turnover of £35,794,000, pre-tax profits of £3,067,000 and a total net worth of £21,814,000 (Sources: www.wildwoodrestaurants.co.uk and Experian Group 09/09/2016).

Property Documents

  • Site Plan
    Updated Date
    21.09.16
    File Size
    85 KB
    View PDF
  • Catalogue Page
    Updated Date
    21.09.16
    File Size
    991 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.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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