Frankie & Bennys Lichfield South, Birmingham Road Lichfield Staffordshire WS14 0QP

Frankie & Bennys
Lichfield South, Birmingham Road
Lichfield
Staffordshire
WS14 0QP

Freehold Purpose Built Restaurant

  • Let to The Restaurant Group (UK) Ltd for 25 years from 2008 until 2033 (NO BREAKS)
  • 2018 break not exercised (1)
  • Rent Review October 2018
  • Excellent access to road communications on established office and leisure park
  • Nearby occupiers include David Lloyd Health Club, Costa Coffee, Holiday Inn Express, McDonald’s and a number of National HQ office occupiers
  • Lot
    9
  • Auction
    24th May 2018
  • Rent
    £56,848 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Freehold Purpose Built Restaurant

  • Let to The Restaurant Group (UK) Ltd for 25 years from 2008 until 2033 (NO BREAKS)
  • 2018 break not exercised (1)
  • Rent Review October 2018
  • Excellent access to road communications on established office and leisure park
  • Nearby occupiers include David Lloyd Health Club, Costa Coffee, Holiday Inn Express, McDonald’s and a number of National HQ office occupiers
  • Lot 9
  • Auction 24th May 2018
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
2 miles south of Lichfield, 6 miles north of Sutton Coldfield, 8 miles north-east of Tamworth, 13 miles north of Birmingham
Roads
A5, A38, M6 Toll Road
Rail
Lichfield City and Lichfield Trent Valley Stations
Air
Birmingham International Airport
Situation

The property is situated on the well established Lichfield South Business Park, comprising 23 acres, which lies approximately 2 miles south of Lichfield City Centre on the main road to Birmingham. Lichfield South Business Park is well located for the A5 and Junction T5 of the M6 Toll Road. Adjacent occupiers include Holiday Inn Express, David Lloyd Health Club, Costa Coffee and McDonald’s, together with National HQ office occupiers, Voyage Care, Dimension Data and Ascom. The property benefits from the adjacent shared 142 car parking spaces. Please see www.lichfield-south.co.uk

Tenure

Freehold.

Location
Miles
2 miles south of Lichfield, 6 miles north of Sutton Coldfield, 8 miles north-east of Tamworth, 13 miles north of Birmingham
Roads
A5, A38, M6 Toll Road
Rail
Lichfield City and Lichfield Trent Valley Stations
Air
Birmingham International Airport
Situation

The property is situated on the well established Lichfield South Business Park, comprising 23 acres, which lies approximately 2 miles south of Lichfield City Centre on the main road to Birmingham. Lichfield South Business Park is well located for the A5 and Junction T5 of the M6 Toll Road. Adjacent occupiers include Holiday Inn Express, David Lloyd Health Club, Costa Coffee and McDonald’s, together with National HQ office occupiers, Voyage Care, Dimension Data and Ascom. The property benefits from the adjacent shared 142 car parking spaces. Please see www.lichfield-south.co.uk

Tenure

Freehold.

Description

The property comprises a modern purpose built, single storey restaurant and bar with kitchen and WCs. The property includes 13 car parking spaces.

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 modern purpose built, single storey restaurant and bar with kitchen and WCs. The property includes 13 car parking spaces.

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 Restaurant
331 sq m
(3,565 sq ft)
THE RESTAURANT
GROUP (UK) LIMITED
t/a Frankie & Benny’s
(2) (3)
25 years from
10/10/2008 until
09/10/2033 on a
full repairing and
insuring lease (1)
£56,848 10/10/2018
and 5 yearly
Total
331 sq m
(3,565 sq ft)
    £56,848  

(1) Tenant’s break option 2018 not exercised.
(2) For the year ended 1st January 2017, The Restaurant Group (UK) Limited reported a turnover of £524,136,000, pre-tax profits of £59,530,000 and a total net worth of £60,684,000 (Source: Experian Group 25/04/2018).
(3) Operate from over 500 restaurants and pubs nationwide (Source: www.trgplc.com).

Property Documents

  • Site Plan
    Updated Date
    05.11.19
    File Size
    621 KB
    View PDF
  • Catalogue Page
    Updated Date
    05.11.19
    File Size
    1 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
Shoosmiths LLP 2 Colmore Square, 38 Queensway
Birmingham
B4 6BJ
Alex Jones 03700 864 039alex.jones@shoosmiths.co.uk

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now