2 and 2a Lendal York North Yorkshire YO1 8AA

2 and 2a Lendal
York
North Yorkshire
YO1 8AA

  • 2 and 2a Lendal<br>York<br>North Yorkshire<br>YO1 8AA

Freehold Restaurant Investment

  • Substantial City Centre Grade II Listed Restaurant
  • Tenants Include Zizzi Restaurants Limited until 2027 and D & F Rustique Limited t/a Nola Unti 2031 (subject to option)
  • 2022 Break Option Not Exercised
  • City Centre Location Close to York Museum Gardens and York Railway Station
  • Total Approximate Floor Area of 580.76 sq m (6,248 sq ft)
  • Neighbouring Occupiers Include Pizza Express, Costa Coffee and a Stonegate Pub
  • Lot
    25
  • Auction
    12/Jul/2022
  • Rent
    £85,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
19 miles east of Harrogate, 24 miles north-east of Leeds, 55 miles north-east of Manchester
Roads
A19, A59, A64, A1237, A1(M)
Rail
York Railway Station
Air
Leeds Bradford International Airport
Situation

York is an attractive and historic Cathedral City in North Yorkshire. York is a highly popular city attracting tourists from around the world with its famous minster and an eclectic mix of restaurants and medieval architecture. The property is prominently situated on the south side of Lendal, close to its junction with Museum Street (A1036) in the heart of the city centre. The locality benefits from a close proximity to York Museum Gardens, York Railway Station and York Cathedral. Neighbouring occupiers include Pizza Express, Costa Coffee, Stonegate Pub and several boutique hotels, restaurants and cafes.

Tenure

Freehold.

Location
Miles
19 miles east of Harrogate, 24 miles north-east of Leeds, 55 miles north-east of Manchester
Roads
A19, A59, A64, A1237, A1(M)
Rail
York Railway Station
Air
Leeds Bradford International Airport
Situation

York is an attractive and historic Cathedral City in North Yorkshire. York is a highly popular city attracting tourists from around the world with its famous minster and an eclectic mix of restaurants and medieval architecture. The property is prominently situated on the south side of Lendal, close to its junction with Museum Street (A1036) in the heart of the city centre. The locality benefits from a close proximity to York Museum Gardens, York Railway Station and York Cathedral. Neighbouring occupiers include Pizza Express, Costa Coffee, Stonegate Pub and several boutique hotels, restaurants and cafes.

Tenure

Freehold.

Description

The property, an attractive Grade II listed detached building comprises ground, lower ground and first floor accommodation. The property is tenanted by two separate restaurants, the larger of the two trading as Zizzi on the first, part ground and part lower ground floors. The other trading as Nola on part ground and lower ground.

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, an attractive Grade II listed detached building comprises ground, lower ground and first floor accommodation. The property is tenanted by two separate restaurants, the larger of the two trading as Zizzi on the first, part ground and part lower ground floors. The other trading as Nola on part ground and lower ground.

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

Unit Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Review/(Reversion)
2 Ground
Lower Ground
First
Restaurant
Ancillary
Restaurant/Office
166.26
37.14
205.03
(1,789)
(399)
(2,206)
ZIZZI RESTAURANTS
LIMITED
(CRN 10404211)
(1)
23 years from 29/09/2004
£55,000
(28/09/2027)
2a Ground
Lower Ground
Restaurant
Restaurant/Ancillary
56.90
115.40
(612)
(1,242)
D &F RUSTIQUE
LIMITED
(CRN 06529501)
(2)
t/a Nola
10 years from 25/03/2021
£30,000
25/03/2026
(24/03/2031)
(3)
Total Approximate
Floor Area
   
580.76
(6,248)
   
£85,000
 

(1) For the year ending 27/06/2021 Zizzi Restaurants Limited (CRN 10404211) reported a Turnover of £871,387,000, a Pre-Tax Profit of £2,987,000 and a Net Worth of £3,972,000. (NorthRow 31/05/2022). Zizzi was established in 1999 and operate from 132 locations across the UK and Ireland. (www.zizzi.com).
(2) D &F Rustique Limited (CRN 06529501) was incorporate in 2008. Nola is one of their new restaurants styled in 1920's art deco theme. (www.nolayork.com)
(3) The lease provides for a tenant option to determine the lease on 25/03/2026.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    30.06.22
    File Size
    64 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate AuctioneersRob Elliott 01782 622 621 07795 351 200robelliott@lowe-elliott.co.uk
Seller's Solicitors
Knights Plc The Brampton
Newcastle-under-Lyme
Staffordshire
ST5 0QW
Michael Hayward 01782 349522michael.hayward@knightsplc.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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