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BRAZIL MEETS BRIGHTON

Rodizio Preto, the 4 strong fast growing Brizilian restaurant chain from London are taking a taste of the Copacabana to Brighton with their latest outlet that is due to open on West Street in time for the Summer Season.

This town centre unit which previously traded as Bubbas Fish Shack, is in view of the sea front, extends to approximately 5,000 sq ft and is arranged mostly on ground incorporating an ancillary mezzanine. Preto have taken a new 20 year lease on the vacant unit at an undisclosed rent.

Rodizio Preto is a dining experience like no other as their meats are slow-roasted over an authentic Brazilian Churrascaria to capture their individual flavour. The menu features unlimited servings of up to 15 different delectable cuts of spit roasted meats which are presented on skewers and carved tableside by authentic ‘Passadors’.

Selsian acted on behalf of the freeholders.

NEW SUSHI OPERATOR FOR CLERKENWELL

The Passage Cafe at 12 Jerusalem Passage, Clerkenwell, London, EC1V 4JP has been sold to Sushi Tetsu LLP.

Toru Takahashi, the founder of Sushi Tetsu and a former chef at Nobu, plans to open an informal and traditional Japanese Sushi Bar with a focus on lunch and take away. The restaurant will seat 8 at the sushi bar and a further 10 covers in the restaurant and is due to open in April.

Selsian acted on behalf of the assignors, La Creperie Des Amis and negotiated an assignment of the existing lease for an undisclosed premium. This 950 sq ft restaurant has a passing rent of £20,000 pa.

TASTY RESTAURANTS SPREADING LIKE WILDFIRE

Tasty plc, operators of Wildwood Restaurants have acquired a property in the affluent Cambridgeshire Town of Ely.

The property at 15-17 High Street previously traded as Curry’s and was being marketed locally on an A1 basis. Selsian, acting on behalf of Wildwood, investigated the opportunity for a change of use to A3 and following positive feedback from the local authority an application was submitted and subsequently granted.

Wildwood are due to commence their fit out shortly with an opening in April / May of this year.

Selsian negotiated a new 25 year lease at a rent of £85,000 together with 6 months’ rent free for the 4,600 sq ft unit.

PREZZO SET FOR STRONG END TO 2011

Prezzo continue to expand with the acquisition of the former Lloyds Bank at 128 Lord Street Southport, approximately 12 miles north of Liverpool.

The stunning double height unit is prominently located on London Square in the heart of the affluent seaside town and is due to open in March 2012.

Selsian acted on behalf of Prezzo and negotiated a new 20-year lease at a rent of £65,000 pax together with 6 months’ rent free for the 4,330 sq ft (402 sq m) unit which is arranged over the basement, ground and first floors.

This opening will take the brand close to the 160-site mark in total.

A BANKER FOR COFFEE IN THE CITY

Sam Mason, a former banker at JPMorgan and Lehman Brothers, is to open his first specialty coffee store, The Assembly, on Creechurch Lane in The City of London, early next year.

Mason, who is originally from Melbourne, has secured a 650 sq ft ground floor unit at 10-12 Creechurch Lane adjacent Jamie’s  and The Japanese Canteen. They plan to offer “high grade coffee with a variety of brew methods” including siphoning which is popular in his native Australia.

Selsian acted on behalf of The Assembly and negotiated an assignment of the existing lease due to expire in 2019 at a rent of £35,000 per annum for an undisclosed premium.

NEW VENTURE FOR THE CITY OF LONDON

Ashraf Rahman, former business development director at the Indian Restaurant Group (IRG), is to open his first solo venture, Spice Rack in London later this month.

Rahman has acquired the former Singapura / Paradigm at 78/79 Leadenhall Street in the City for Spice Rack, which will specialise in dishes from North India.

IRG, the restaurant operator previously known as the Mela Group, agreed to sell the remainder of its restaurant business to Swadha Limited, a new company set up by the wife of a former director Kudeep Singh, for £250,000, earlier this year.

When sold, their restaurants numbered 2 in London’s West End and 1 in Surrey. Selsian acted on behalf of Spice Rack and negotiated a new 20-year lease at a rent of £40,000 pax for the 2,300sq ft basement and ground floor unit in Leadenhall Street just near Lloyds of London.

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