20 High Street
Lyndhurst
Hampshire
SO43 7BD

Freehold Restaurant Investment

  • Let to Prezzo Limited until 2031 (no breaks)
  • Attractive and affluent New Forest town
  • Close to New Forest Centre and Car Park
  • Nearby occupiers include Costa, Budgens, Lloyds Bank, The Crown Hotel, Ferrari and Maserati car showrooms
  • Lot
    15
  • Auction
    11/Jul/2018
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £875,000
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 20 High Street<br>Lyndhurst<br>Hampshire<br>SO43 7BD
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Property Information

Location
Miles
8 miles north of Lymington, 9 miles south-west of Southampton,19 miles north-east of Bournemouth
Roads
A35, A31, A338, M27
Rail
Ashurst New Forest Railway Station, Beaulieu Road Railway Station
Air
Bournemouth Airport
Situation

Lyndhurst is an attractive and affluent town located in the heart of the New Forest National Park, a short distance from Lymington, Southampton and Bournemouth. The property is situated on the south side of the busy High Street, with nearby occupiers including Costa, Budgens, Lloyds Bank, The Crown Hotel, Ferrari and Maserati car showrooms and a number of independent retailers and A3 users.

Tenure

Freehold.

Description

The property comprises a ground floor restaurant with a kitchen and rear store. The first floor comprises storage and customer/staff WCs. The property benefits from an attractive central courtyard which provides additional seating.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTerm Rent p.a.x.Reviews
Ground
Ground (Rear Store)
First
Restaurant
Ancillary
Ancillary
170 sq m
14 sq m
61 sq m
(1,829 sq ft)
(151 sq ft)
(657 sq ft)
PREZZO LIMITED (1) 25 years from
25/04/2006 until 2031
on a full repairing and
insuring lease
£60,000 25/04/2021
& 5 yearly
Total
245 sq m
(2,637 sq ft)  £60,000 

(1) For the year ending 1st January 2017, Prezzo Limited reported a turnover of £218,618,000, pre-tax profits of £5,099,000 and a total net worth of £125,610,000 (Source: Experian Group 05/06/2018). Website: www.prezzorestaurants.co.uk

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.07.18
    File Size
    30 MB
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  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    589 KB
    View PDF
  • Site Plan
    Updated Date
    19.06.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Seller's Solicitors
Benson Mazure LLP 66-70 Baker Street
London
W1U 7DJ
Anthony Levy 0207 486 8091amlevy@bensonmazure.co.uk

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