Investment sale of Chimichanga, Wimbledon
September 30, 2016
On behalf of a private buyer, leisure property investment specialists, Coffer Corporate Leisure has completed the sale of 80 The Broadway in Wimbledon in an off-market deal.
The entire property is let to Prezzo – trading under its Tex Mex restaurant brand Chimichanga.
Jack Silvani, Associate Director, Coffer Corporate Leisure, said: “Appetite for long-let, income producing assets is as strong as we have ever seen it. We are achieving unprecedented prices in London which are, perhaps surprisingly, now higher than prior to ‘Brexit’. The strength of the leisure investment market is underpinned by the buoyancy of the occupational market which is as robust as ever. Yields will undoubtedly continue to compress over the next 12 months.”
Coffer Corporate Leisure advised the vendor, a client of Aker Properties. James Boatman Chartered Surveyors acted for the private buyer.