Zizzi, Unit 1, Surbiton Plaza, 38 Victoria Road, Surbiton Surrey KT6 4JL

Zizzi, Unit 1,
Surbiton Plaza, 38 Victoria Road,
Surbiton
Surrey
KT6 4JL

Attractive Restaurant Investment in Affluent London Suburb

  • Ground and Lower Ground let to Ask Restaurants Limited (t/a Zizzi) until 2033 (subject to option)
  • Forms part of the Surbiton Plaza mixed use development in town centre
  • Nearby occupiers include Sainsbury’s, Superdrug, Nationwide and Costa Coffee
  • Six Week Completion Available
  • Lot
    20
  • Auction
    18th October 2012
  • Rent
    £85,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Restaurant
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Joint LPA Receivers, Jones Lang LaSalle
Important Update
  • Expand
  • Photos
  • Map

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

Attractive Restaurant Investment in Affluent London Suburb

  • Ground and Lower Ground let to Ask Restaurants Limited (t/a Zizzi) until 2033 (subject to option)
  • Forms part of the Surbiton Plaza mixed use development in town centre
  • Nearby occupiers include Sainsbury’s, Superdrug, Nationwide and Costa Coffee
  • Six Week Completion Available
  • Lot 20
  • Auction 18th October 2012
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Restaurant
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Joint LPA Receivers, Jones Lang LaSalle

Property Information

Location
Miles
10 miles west of Croydon, 12 miles south-west of Central London
Roads
A3, A309
Rail
Surbiton Rail Station (17 minutes to London Waterloo)
Air
London Heathrow.
Situation

The property is situated on the northern side of Victoria Road within a Conservation Area in Surbiton town centre. The property forms part of Surbiton Plaza, a mixed residential and commercial scheme (www.surbitonplaza.co.uk). Nearby occupiers include Sainsbury’s, Superdrug, Nationwide and Costa Coffee.

Tenure

Virtual Freehold. of ground and lower ground floors. Held for a term of 999 years until 3011 at a peppercorn ground rent.

Location
Miles
10 miles west of Croydon, 12 miles south-west of Central London
Roads
A3, A309
Rail
Surbiton Rail Station (17 minutes to London Waterloo)
Air
London Heathrow.
Situation

The property is situated on the northern side of Victoria Road within a Conservation Area in Surbiton town centre. The property forms part of Surbiton Plaza, a mixed residential and commercial scheme (www.surbitonplaza.co.uk). Nearby occupiers include Sainsbury’s, Superdrug, Nationwide and Costa Coffee.

Tenure

Virtual Freehold. of ground and lower ground floors. Held for a term of 999 years until 3011 at a peppercorn ground rent.

Description

The property comprises a restaurant over ground and lower ground floors.

NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a restaurant over ground and lower ground floors.

NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

VAT

VAT is applicable to this lot.

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
Lower Ground
Restaurant
Restaurant
261.35 sq m
124.31 sq m
(2,813 sq ft)
(1,338 sq ft)
ASKRESTAURANTSLIMITED (1) T/AZIZZI 25 years from 25/02/2008
until 24/02/2033 on a full
repairing and insuring lease
(2)
£85,000
15/02/2013 and five
yearly thereafter
Totals  
385.66 sq m
(4,151 sq ft)
    £85,000

(1) For the year ending 26th June 2011, Ask Restaurants Limited reported a turnover of £193,348,000, pre-tax profits of £16,997,000 and a total net worth of £130,453,000. (Source: www.riskdisk.com 17/09/2012)
(2)The lease provides a tenant’s option to determine on 25th February 2023.

Property Documents

  • Site Plan
    Updated Date
    08.10.12
    File Size
    502 KB
    View PDF
  • Catalogue Page
    Updated Date
    08.10.12
    File Size
    3 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
Glovers Solicitors LLP 6 York Street
London
W1U 6QD
020 7486 7666
Jason Richardson 0203 075 1697jrichardson@glovers.co.uk

Useful Links

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

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