TypeLeisure & Hotel Investments · Retail Investments · Restaurants

SO15 Dining Level, West Quay Shopping Centre, Southampton

Dining Level, West Quay Shopping Centre, Southampton, SO15 1/4

Specification

Property type
Property type Leisure & Hotel Investments · Retail Investments · Restaurants

Description

Substantial restaurant property portfolio held leasehold Annual turnover in the order of £11,000,000 exc VAT Consisting of 19 prime locations throughout the UK Fully fitted restaurants Current rent payable in the order of £1,731,000 per annum exc VAT.DESCRIPTIONThe property portfolio comprises 19 restaurants which are branded in the Handmade Burger corporate style. The restaurants are fully fitted and predominantly comprise; open plan dining area, fully fitted kitchen, staff and customer WC facilities and ancillary storage. There are a total of 2,450 cover spaces throughout the restaurant portfolio. ACCOMMODATION STORE SALES 2017 SALES 2018 SALES 2019

Union Square, Aberdeen £952,032.36 £20,318.82 £614,547.59

Ocean Terminal, Edinburgh £945,630.69 £732,381.88 £646,117.03

Braehead, Glasgow £602,872.20 £593,430.06 £472,163.15

Brindleyplace, Birmingham £899,318.04 £847,305.92 £700,568.66

Brayford Wharf, Lincoln £980,588.34 £759,957.25 £643,894.58

Hull £579,361.00 £270,117.09 £320,564.04

Meadowhall £1,217,211.12£1,200,698.48 £1,162,321.00

Trinity, Leeds £948,515.15 £814,696.22 £672,785.78

Bullring, Birmingham £1,403,864.88£1,077,054.00 £897,092.42

Oracle, Reading £976,531.79 £689,175.68 £509,795.16

West Quay, Southampton £748,838.84 £537,337.61 £394,221.06

Wembley £996,551.72 £906,961.02 £681,678.59

Bournemouth £563,677.01 £684,627.54 £476,379.04

Bath £658,092.12 £493,812.86 £256,308.54

The OId Still, Peterborough £772,165.79 £577,082.78 £408,946.91

Touchwood, Solihull £719,189.45 £561,858.27 £410,759.56

Metrocentre, Gateshead £389,955.04 £428,469.79 £412,262.84

Highcross, Leicester £884,964.60 £782,183.75 £721,071.05

St Vincents, Glasgow £853,347.01 £699,373.01 £574,334.69

TERMS The properties are held leasehold. The current rent payable excluding VAT amounts to £1,731,690 per annum. There are 13 separate Landlords, details of which are available separately. Three break notices have been served and 1 lease expired on 6 January 2020. We are instructed to seek expressions of interest on either of the two following bases: 1)A sale of the business of, The Burger Chain Limited, trading as Handmade Burger. The sale to be on a going concern basis. 2)An assignment of the leasehold property portfolio as a whole or in parts (subject to premium payable and landlordsss consent).

LEGAL COSTS Each party will be expected to bear their own legal costs.

OTHER Energy Performance Certificates are available in the property information sale pack. EXPRESSIONS OF INTEREST All expressions of interest are to be made to Richard Lingen of Berrys by no later than Wednesday 22 January 2020, with a view to completion by Wednesday 29 January 2020.

FURTHER INFORMATION For further information and access to the data room please contact; Richard Lingen Mobile - 07901 256 022 E-mail - Richard.lingen@berrys.uk.com

Location

Restaurant Business Opportunity and Restaurant Portfolio

19 locations throughout the UK.

13 restaurants positioned within Shopping Centre locations

6 restaurants in High Street locations.

Annual Turnover £11,000,000

Rent payable £1,731,000 pa

All expressions of interest are to be made to Richard Lingen of Berrys by no later than Wednesday 22 January 2020, with a view to completion by Wednesday 29 January 2020.

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