Global real estate specialist appointed to sell former restaurants, which are not currently trading
The Restaurant Group (TRG) has instructed Savills to sell 23 of its former restaurants in Scotland, England and Wales – including some of its Frankie & Benny’s, Chiquito, and Filling Station outlets.
The units are available on an individual basis and comprise a mix of former Frankie & Benny’s, Chiquito, Joe’s Kitchen, Coast to Coast, Garfunkel’s and Filling Station restaurants in high profile locations including major retail and leisure parks, shopping centres and roadsides. The restaurants, which are not currently trading, are being sold with existing planning and licensing consents meaning they could be reoccupied quickly.
The Scottish properties for sale – none of which are in the east coast – are the Filling Station, Aberdeen; Chiquito, Glasgow, and Chiquito, Hamilton.
David Bell, head of UK leisure at Savills, said: “We are pleased to be marketing this high profile portfolio on behalf of TRG. Due to the mix of locations and diverse nature of the restaurants involved, we are anticipating strong interest from a wide variety of existing retail and leisure operators as well as new entrants.”
Savills is also retained to acquire new sites for TRG across the Midlands, East Anglia, the South of England and Wales.