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Restaurants for Sale on Behalf of the Restaurant Group Plc

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Restaurants for Sale on Behalf of the Restaurant Group Plc 23 FORMER RESTAURANTS FOR SALE ON BEHALF OF the restaurant group plc www.trgdisposals.com CONTENTS Executive Summary 3 Locations & Property Schedule 4 Important Information 6 Individual Property Details 8 Contacts & Disclaimer 56 EXECUTIVE SUMMARY Savills have been instructed by The Restaurant Group plc to handle the sale of 23 former restaurants which have been highlighted for disposal and are available for immediate sale. The properties which are located throughout England, Scotland and Wales are being offered for sale individually. Key highlights include; + High profile locations include major retail and leisure parks, shopping centres and roadside locations + Typically located alongside other major restaurant chains in established schemes + Existing planning and licensing consents meaning the units can be occupied quickly + Partially fitted units significantly reducing any ingoing operators fit out costs + External seating is provided with most sites + Of potential interest to existing operators, new entrants and retail occupiers + The majority of the units are available without premium + Incentives are available in certain instances (subject to status) LOCATIONS & PROPERTY SCHEDULE 1 Former Filling Station, Aberdeen 2 Former Chiquito, Barking 3 Former Frankie & Benny’s, Barrow in Furness 4 Former Frankie & Benny’s, Bath 1 5 Former Chiquito, Blackburn 6 Former Chiquito, Cardiff (Old Brewery Quarter) 7 Former Chiquito, Cardiff (Red Dragon Centre) 8 Former Chiquito, Chelmsford 12 13 9 Former Frankie & Benny’s, Coventry 10 Former Joe’s Kitchen, Derby 18 11 11 Former Frankie & Benny’s, Gateshead 12 Former Chiquito, Glasgow 3 13 Former Chiquito, Hamilton 23 5 14 Former Frankie & Benny’s, London Finchley Road 15 Former Frankie & Benny’s, London Greenwich 10 19 21 16 Former Garfunkel’s, London Strand 9 17 Former Chiquito, Milton Keynes 17 18 Former Coast to Coast, Newcastle Upon Tyne 8 14 6 7 22 2 16 19 Former Joe’s Kitchen, Nottingham 4 15 20 20 Former Frankie & Benny’s, Redhill 21 Former Frankie & Benny’s, Stafford 22 Former Coast to Coast, Wembley 23 Former Frankie & Benny’s, York PROPERTY SCHEDULE CURRENT LEASE NEXT RENT BREAK REF. UNIT ADDRESS TENURE RENT EXPIRY REVIEW DATE 1 Former Filling Station 254 Union Street, Aberdeen AB10 1TN FH n/a n/a n/a n/a 2 Former Chiquito Goresbrook Fields, Dagenham Avenue, Barking RM9 6XW LH £110,500 23/06/2021 24/06/2016 n/a 3 Former Frankie & Benny's Hindpool Retail Park, Hindpool Road, Barrow in Furness LA14 2PD LH £100,000 13/01/2038 14/01/2018 14/01/2018 4 Former Frankie & Benny's Unit 5, Kingsmead Leisure Complex, James Street West, Bath BA1 2BX LH £55,000 09/09/2037 10/09/2017 10/09/2017 5 Former Chiquito Unit A, Peel Centre, Lower Audley Street, Blackburn BB1 1BB LH £78,000 28/08/2031 29/09/2016 29/09/2021 6 Former Chiquito Units 14 & 17, The Old Brewery Quarter, Cardiff CF10 1FG LH £91,000 27/09/2019 24/06/2018 n/a 7 Former Chiquito Red Dragon Centre, Hemingway Road, Cardiff CF10 4JY LH £70,620 24/06/2033 24/06/2018 24/06/2023 8 Former Chiquito Unit A, Army & Navy, Parkway, Chelmsford CM2 7GY LH £115,225 25/06/2034 05/06/2019 n/a 9 Former Frankie & Benny's Unit A1 Vanguard Avenue, Fletchamstead Highway, Coventry CV5 6UA LH £96,000 03/02/2039 04/02/2019 04/02/2029 10 Former Joe's Kitchen Units SU201 and SU301, Intu Shopping Centre, Derby DE1 2PL LH £145,370 19/03/2040 20/03/2020 20/03/2030 11 Former Frankie & Benny's 5 Trinity Square, Ellison Street, Gateshead, Gateshead NE8 1AG LH £80,000 29/09/2038 29/09/2018 30/09/2028 12 Former Chiquito Unit C2, Springfield Quay, Paisley Road, Glasgow G5 8NP LH £98,880 18/03/2030 04/08/2016 18/06/2020 13 Former Chiquito Hamilton Palace Grounds, Palace Ground Road, Hamilton ML3 6AD LH £87,600 27/07/2032 27/07/2017 n/a 14 Former Frankie & Benny's Unit 8D, O2 Centre, 255 Finchley Road, London NW3 6LU LH £170,000 24/12/2038 05/12/2018 25/12/2028 15 Former Frankie & Benny's Unit E2, Greenwich Promenade, King William Walk, London SE10 9HT LH £205,000 23/01/2037 23/01/2017 22/01/2032 16 Former Garfunkel's 420 The Strand, London WC2R 0PT LH £167,500 28/09/2023 29/09/2018 n/a 17 Former Chiquito 199 Midsummer Boulevard, Milton Keynes MK9 1EA LH £121,250 29/09/2030 29/09/2015 n/a 18 Former Coast to Coast The Gate, Newgate Street, Newcastle Upon Tyne NE1 5TG LH £150,000 14/06/2037 15/06/2017 15/06/2027 19 Former Joe's Kitchen 237-238 Intu Victoria Centre, Nottingham NG1 3QD LH £180,000 23/06/2040 24/06/2020 24/06/2030 20 Former Frankie & Benny's Red Central, 46-48 High Street, Redhill RH1 1RD LH £71,000 11/07/2025 12/07/2020 n/a 21 Former Frankie & Benny's Waterfront Way, Stafford ST16 2HQ FH n/a n/a n/a n/a 22 Former Coast to Coast 96 London Designer Outlet, Wembley Park Boulevard, Wembley HA9 0FD LH £154,320 03/11/2038 04/11/2019 04/11/2028 23 Former Frankie & Benny's Foss Island Retail Park, York YO31 7UL LH £110,000 22/05/2018 23/05/2018 22/05/2023 IMPORTANT INFORMATION Viewings Each unit is currently closed so all viewings must be arranged by prior appointment via the sole selling agents Savills. Contact details for the surveyors dealing with each individual unit are provided in the individual property details section. Photography Please note that the photography included within this brochure was taken whilst the premises were still trading. The properties have since ceased trading so all signage and any external furniture has been removed from the premises. Branding The former trading names of each unit and any branded items are not being included with the sale so each property must be completely re-branded before being reopened. Fixtures & Fittings Most loose fixtures and fittings have been removed from the properties. This includes all loose tables and chairs, some bench seating and certain items of kitchen equipment. All branded signage has been removed from the units and should any branded items remain on site then they are not permitted for use by the ingoing occupier. VAT All figures quoted within this brochure are exclusive of ATV . Data Site A data site has been set up (www.trgdisposals.com) which includes additional information for each property including architects floor plans, legal documentation, premises licences and service charge information. Interested parties will need to register their details via the Data Site section of the website to access this information. Floor Areas Please note that we have not physically measured any of the units but we have been provided with architects floor plans which we have used to estimate the approximate gross internal floor area of each unit. All areas are provided for information purposes and interested parties must not rely upon them and are urged to undertake their own measured survey of each property prior to acquisition. Expressions of Interest All offers should be made in writing, preferably by email and only after the unit has been fully inspected by the interested party. The offer should contain the following information; + The full identity of the purchasing company (company name, company number, registered address) + The relevant company contact (name, email address, mobile telephone number) + The financial terms of the offer exclusive of VAT + Accounts for the proposed tenant company if available and, if appropriate, any guarantor company + Background information on the purchasing company including details of other units currently and previously operated + Confirmation of the level of investment that is anticipated before reopening the premises + Proof of funding + Details of any rental deposit + Proposed timetable for exchange of contracts and completion of the transaction + Any conditions attached to the offer + Solicitors details Please be aware that our clients are not obliged to accept the highest offer or any offer submitted for any of the properties. INDIVIDUAL PROPERTY DETAILS HIGHLIGHTS + Heritable + Prime city centre location + Close to Her Majesty’s Theatre and Pizza Express + GIA approx. - 606 sq m (6,522 sq ft) Description The mid terraced property is laid out over ground, basement and part first floor and has been substantially extended to the rear. Accommodation The premises are configured to provide the main restaurant at ground floor. When trading, the unit was laid out to provide a variety of tables and seating for approximately 150 covers and has a bar servery to one side. At first floor is a general store and plant room with customer toilets, a beer cellar, staff room, managers office and further ancillary accommodation at basement level. Location Approximate Floor Areas Located at the western end of Union Street in the heart of Aberdeen City Centre. The property We have not physically measured the property but have been provided with floor areas which is close to a number of hotels including the Park Inn by Radisson, Travelodge Aberdeen Central have revealed that the premises have the following approximate gross internal areas. and the Bauhaus as well as restaurant occupiers such as Cafe Andaluz and Pizza Express. Ground Floor 352 sq m (3,790 sq ft) Other occupiers in the area include Her Majesty’s Theatre, Pret a Manger, Nationwide, Natwest First Floor 85 sq m (914 sq ft) and WH Smith. Basement 169 sq m (1,818 sq ft) Total 606 sq m (6,522 sq ft) 1. FORMER FILLING STATION 254 Union Street, Aberdeen AB10 1TN Created By: Savills For more information on our products and services: Experian Goad Plan Created: 18/01/2017 Tenure Branding Heritable.
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