EX14 Brightside Honiton London Road, Honiton

- Two highly prominent roadside restaurants branded as Brightside Roadside Dining.

- Offers are invited for both sites or on an individual basis.

- The properties are situated fronting the A303 and A38 which have Average Daily Vehicle Movements of between 18,738 and 21,966.

- Both properties recently refurbished by Loungers with an internal fit-out cost of c.£1.5 million and c. £700k of investment into the fabric of the buildings.

- Built accommodation extends to approximately 9,657 sq ft (897.1 sq m).

- Both properties are held freehold

- Proposed sale and leaseback by Loungers UK Limited (Company number 04595806), a substantial and growing operator in the UK hospitality sector operating over 300 sites in England and Wales across three distinct brands, Lounge, Cosy Club and Brightside.

- The properties will be let on a new lease for an unbroken term of 15 years.

- The initial rent will be £70,000 per annum exclusive for Honiton and £90,000 per annum exclusive for Saltash.

- Rent reviews will be five yearly to the greater of Open Market Rent or in line with CPI increases (capped and collared at 1% and 3%).