Investment acquisition of All Bar One, Sutton
April 17, 2018
On behalf of a private client, Coffer Corporate Leisure has acquired 2-10 Hill Road, Sutton, the site of the first ever All Bar One.
The property comprises a bar/restaurant let to Mitchells & Butlers on a new 25 year, index-linked lease. The price of £1,500,000 reflected a Net Initial Yield of 5.34%.
Jack Silvani, Director, Coffer Corporate Leisure said “This is the iconic site where the All Bar One concept was created back in 1994. Whilst the concept has slightly adapted to changes in consumer trends since its inception, its modus operandi has remained largely the same.
“From a property perspective, 2-10 Hill Street possesses all the characteristics private clients look for in a leisure investment – strong macro/micro locations, a long and successful trading history and a happy tenant who has made a long term commitment to the site.”
Tudor Toone advised the Vendor. Coffer Corporate Leisure advised the Purchaser.