Pizza Hut
The Hough Leisure Park
Stafford
ST17 4ER

Modern Restaurant Investment

  • Let to Pizza Hut (UK) Limited until 2034 (subject to option)
  • Rent increased at 2019 open market rent review
  • Forms part of Hough Retail Park just off the A34
  • Nearby occupiers include Starbucks, KFC, B&Q, Home Bargains and Travelodge
  • Lot
    6
  • Auction
    26/Mar/2020
  • Rent
    £74,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Restaurant
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • On behalf of a Major Investment Manager
Important Auction & Property Update
  • Pizza Hut<br>The Hough Leisure Park<br>Stafford<br>ST17 4ER
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* More information on the term "price" can be found here

Property Information

Location
Miles
0.8 miles south-east of Stafford town centre and rail station
26 miles north-west of Birmingham
Roads
A34, M6 (Junction 13)
Rail
Stafford Rail
Air
Birmingham International Airport
Situation

Stafford is a popular town and Staffordshire's principal administrative centre. The Hough Retail Park occupies a prominent position to the south-east of the town centre located off Lichfield Road (A34), which is a primary arterial route into the town from the south-easterly direction. The Hough Retail Park is well established, housing occupiers including Starbucks, B&Q and Home Bargains. The property shares the immediate estate with a KFC and a 62-bed Travelodge.

Tenure

Virtual Freehold. 999 years at a peppercorn rent from the completion of the sale.

Description

The property comprises a modern purpose built, single storey restaurant. The property benefits from use of the 74-space shared estate customer car park.

VAT

VAT is applicable to this lot.

EPC

Band C. Available at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundRestaurant
350.43 sq m
(3,772 sq ft)
PIZZA HUT (U.K.)
LIMITED (1)
25 years from
12/01/2009 until
11/01/2034 (2)
£74,00012/01/2024 &
12/01/2029
Total
350.43 sq m
(3,772 sq ft)
  £74,000 

(1) The areas stated above include a lobby area and an external yard. The rentalised area excluding these is 296.27 sq m (3,189 sq ft)
(2) Pizza Hut came to the UK in 1973 and has over 700 restaurants and delivery outlets across the UK
(Source: www.pizzahut.co.uk 02/03/2020). Pizza Hut (U.K.) Limited is part of Yum! Brands, Inc (NYSE:YUM) a Fortune 500 corporation with a market cap in excess of $27.5bn (Source: www.bloomberg.com 02/03/2020).
(3) The lease provides an option to determine on 12/01/2024, subject to 6 months' notice.

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.03.20
    File Size
    68 MB
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  • Site Plan
    Updated Date
    04.03.20
    File Size
    530 KB
    View PDF
  • Catalogue Page
    Updated Date
    05.03.20
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120904charlie.powter@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Forsters LLP 31 Hill Street
London
W1J 5LS
Danielle Kenyon +44 20 7399 4801danielle.kenyon@forsters.co.uk

Useful Links

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