AcquisitionUK Regional
The Ivy, 89-91 East Street, Chichester
Acquisition of the Ivy Restaurant, 89-91 East Street, Chichester, PO19 1HA.
- Nightingale Partners and Cew Capital represented a private UK client.
- Prime restaurant which has recently undergone a substantial refurbishment.
- Let to Troia (UK) Restaurants Limited, guaranteed by Caprice Holdings Limited, for 25 years from November 2021.
- Passing rent £150,000 per annum.
- Purchase price of £2,880,000 reflected a net initial yield of c4.9%, and a capital value of c£265 per sq ft.
