19 High Street Petersfield Hampshire GU32 3JT

19 High Street
Petersfield
Hampshire
GU32 3JT

  • 19 High Street<br>Petersfield<br>Hampshire<br>GU32 3JT

Attractive Freehold Restaurant Investment

  • Affluent and Historic Hampshire Town
  • 15 year lease from March 2021
  • Trading as Ruby & Montys Kitchen & Bar
  • Recently fitted out to a high standard
  • Attractive Grade II Listed building of approximately 316.00 sq. m. (3,402 sq. ft)
  • Lot
    4
  • Auction
    12/Jul/2022
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £575,000 - £600,000
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
15 miles south-west of Haslemere, 18 miles north of Portsmouth, 57 miles south-west of London
Roads
A272, A23 and A3 link to A3(M)
Rail
Petersfield Station (London Waterloo 63 minutes)
Air
London Gatwick Airport (34 miles), London Heathrow Airport (38 miles)
Situation

Petersfield is an affluent and historic market town in the heart of the South Downs National Park. The property lies a short distance to the east of The Square, home to Hampshire Farmer’s Markets, as well as the entrance to the Rams Walk Shopping Centre. Nearby occupiers include M&S Simply Food, Boots, Poundland, Superdrug and NatWest Bank.

Tenure

Freehold.

Location
Miles
15 miles south-west of Haslemere, 18 miles north of Portsmouth, 57 miles south-west of London
Roads
A272, A23 and A3 link to A3(M)
Rail
Petersfield Station (London Waterloo 63 minutes)
Air
London Gatwick Airport (34 miles), London Heathrow Airport (38 miles)
Situation

Petersfield is an affluent and historic market town in the heart of the South Downs National Park. The property lies a short distance to the east of The Square, home to Hampshire Farmer’s Markets, as well as the entrance to the Rams Walk Shopping Centre. Nearby occupiers include M&S Simply Food, Boots, Poundland, Superdrug and NatWest Bank.

Tenure

Freehold.

Description

The property, a busy restaurant and cafe, is arranged over four floors with ground and part first floor restaurant accommodation with kitchen/ancillary accommodation on part first, second and basement floors. The second floor was historically used as residential accommodation. The property also benefits from a rear external terrace.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion available

EPC

Please refer to the Legal Pack.

Description

The property, a busy restaurant and cafe, is arranged over four floors with ground and part first floor restaurant accommodation with kitchen/ancillary accommodation on part first, second and basement floors. The second floor was historically used as residential accommodation. The property also benefits from a rear external terrace.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion available

EPC

Please refer to the Legal Pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Reviews
Ground
Basement
First
Second
Restaurant
Ancillary
Restaurant/Ancillary
Ancillary
141.00
35.00
90.00
50.00
(1,518)
(377)
(969)
(538)
CHICHESTER FOOD Co. LTD (trading as RUBY & MONTYS KITCHEN AND BAR) (1) 15 years from 19th March 2021
until 18th March 2036 (2)
£50,000
19th March 2026
19th March 2031
Totals  
316.00
(3,402)
   
£50,000
 

(1) www.rubyandmontys.co.uk/ Established in 2021, Ruby & Monty's serve breakfast, lunch & afternoon tea during the day and pizza & pasta in the evening.
(2) The tenant is currently benefitting from a 12 months half rent period from 25th March 2022 to 25th March 2023. The vendor will top up this amount on a pro rata basis in order for the property to effectively be producing a rent of £50,000 per annum from completion of the sale.

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
    17.06.22
    File Size
    26 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
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Associate AuctioneersDuncan MacLaren 020 7317 3132 07770 648 755Duncan@maclarenpartners.co.uk
Seller's Solicitors
Brabners Llp Horton House,
Exchange Flags
Liverpool
L2 3YL
Kevin Manley 0151 6003340kevin.manley@brabners.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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