DCL & Colliers International Compete Slug Sale for Town & City Group
June 6, 2011
Davis Coffer Lyons and joint agents Colliers International has completed the leasehold sale the Slug & Lettuce in Norwich on behalf of Town & City Group to Revolution vodka bar operator Inventive Leisure, to operate as a fourth site within its Revolucion de Cuba dedicated rum bar concept.
The site, comprising 9,000 sq ft, was acquired for a rent of £112,500 and will open at the end of the summer.
Revolucion de Cuba already operates three outlets in Sheffield, York and Beaconsfield, with décor and layout inspired by the bars in Havana from the 1930s and serving more than 50 rums. Inventive Leisure has reported double-digit sales growth since Christmas.
Paul Tallentyre, Davis Coffer Lyons, who advised Town & City Group, said: This is an excellent site for Inventive Leisure, as the thriving influx of young professionals in the city are crying out for a new bar concept, whereas neighbouring Ipswich has seen much investment in the past couple of years. There are still some great opportunities out there for operators who are looking to get into busy high street locations.