New international vegan restaurant for Royal Leamington Spa, thanks to Bond Wolfe sale
Royal Leamington Spa is the new location for an expanding international chain of vegan and vegetarian restaurants following a successful commercial property sale arranged by Bond Wolfe.
The owners of Herb restaurants have completed a combined purchase which involved a vacant restaurant in a double unit at 5-6 Lunn Poly House. The property was sold off an asking price of £745,000.
Herb is a fast-expanding chain of restaurants which already has a UK site in Leicester, with another 12 venues internationally that focus on the herbal cuisine of the Kerala region of India.
Also in the deal was the adjacent retail unit at 4c Lunn Poly House, currently let to London Camera Exchange for £15,000 a year.
James Mattin, managing director of Bond Wolfe, said: “We are delighted to continue our run of successful sales in Leamington Spa and look forward to welcoming Herb to the town.
“Demand has been very strong for the properties we have offered at Lunn Poly House, and this deal made sense for the buyer.
“The new owners now have secure income from the adjacent unit whilst refurbishing the vacant property next door ready to offer their unique and popular concept.
“It is refreshing to see a vacant unit being bought back to life as a Herb restaurant and even more pleasing that the result will see the creation of jobs when it opens.
“The properties are in a prominent town centre position which is ideal for restaurants, with plenty of passing footfall.
“These plans will be a real boost for food-lovers in and around Royal Leamington Spa.”
Law firm CBTC acted for the seller and Johar & Company advised the buyer.
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For further information, please contact:
James Mattin, Managing Director,
0121 525 0600 or 0121 524 1172, Email: email@example.com
Issued by Andy Skinner, ASAP PR, mobile 07990 978257.
Bond Wolfe is an established commercial property practice based in Birmingham. Its services include commercial property sales and lettings, auctions, investment, development and property management throughout the UK.