Cattle Grid Steak & Grill Acquires 5th UK Site in Battersea
September 5, 2012
Davis Coffer Lyons Pubs and Bars team has assigned the leasehold interest of The Establishment bar and restaurant on Battersea Rise, close to the Clapham Common Start, for Rising Star Leisure Limited. The bar has been sold to Cattle Grid steak restaurant and grill, which already operates five sites including Balham, Leeds. Windsor and Kingston.
The premises, which total approximately 3,175 sq ft, were assigned on the remainder of a 30 year lease at a passing rent of £105,000 per annum, with a premium of £100,000 paid for the free of tie lease.
Paul Tallentyre, Director of Pubs and Bars at Davis Coffer Lyons, said, Battersea is now home to some of the restaurant sectors real shining stars, such as Soif, Draft House, Byron and Franco Manca. The rising number of multiple operators and quality independents taking sites has enabled Battersea to lead the charge for competitive rents in South West London and is now at the top of many operators lists. Im sure Cattle Grid will perform exceptionally well here.
Rising Star Leisure continues to successfully operate contemporary restaurant and bar venues in London neighbourhoods including the Underdog in Clapham and the Dime Bar and Restaurant in Battersea.