RESTAURANT | LEASE FOR ASSIGNMENT

Pepe's Piri Piri, Frogmoor, High Wycombe, HP13 5DG

THE OPPORTUNITY

  • Existing Pepe’s Piri Piri Franchise - one of the largest and strongest brands in the UK, now with over 100 stores nationwide
  • Successful business trading at 38-42 Frogmoor, in High Wycombe town centre
  • Business not affected - genuine sale due to relocation
  • Extensive premises including basement (with further business potential) and rear access including parking
  • 2,551 sq ft ground floor sales (restaurant and kitchen) plus 4,418 sq ft basement (not currently in use)
  • Frogmoor is located adjacent to Chilterns Shopping Centre - anchored by
  • Primark and Wilkinson
  • Town catchment area of some 118,000 with a wider catchment of 162,000
  • Trading commenced December 2017
  • Long term lease 01.11.2017 to 31.10.2032 at a rent passing of £30,000 pax subject to a 5 yearly rent review pattern (copy lease available for review)
  • All fixtures and fittings are included, along with the goodwill of the business.
  • Fit out cost including franchise licence and planning £240,000
  • Financial and trading details available on request
  • Premium sought (enquire with the joint selling agents)
  • Viewing strictly by appointment only via the sole agents - staff unaware
  • EPC Rating - D84
  • KEY POINTS

    ONE

    Successful brand and franchise, Pepe's Piri Piri offering a turn key opportunity.

    TWO

    Potential to develop the business and increase turnover.



    THREE

    Strong central location in Wycombe town centre along a successful leisure pitch.

    FOUR

    Lease until 2032 at a current rent passing of £30,000 pax.


    Frogmoor, High Wycombe


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    About

    MBI Surveyors are RICS Regulated and have signed the Conflict Avoidance Pledge with the RICS. MBI therefore act with the upmost integrity in handling all instructions in a transparent manner and to proactively avoid conflict.The value of collaborative working with a commitment to resolving any issues early. As such, parties are requested to provide full details upon submission of any offer so that relevant checks can be made, followed by full heads of terms in draft for all parties to consider in their own time and with professional advice as required. 

    Floor plans and technical information is available on request to fully disclosed parties and are to be held and treated in strict confidence. All statements and associated documentation are made subject to contract and without prejudice.

    The Money Laundering Regulations 2003 require estate agents and solicitors to formally identify parties to a transaction. Interested parties will therefore be required to provide proof of identity. MBI (Surveyors) Limited for themselves and for the vendors or lessors of this property whose agents they are, give notice that: i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute (nor in part of) an offer or contract; ii) all descriptions, dimensions, reference to condition, permissions for use / occupation and other details are given in good faith and believed to be correct - not to be relied upon as statements of fact and should be inspected by themselves; iii) no person in the employment of MBI has any authority to make or give any representation or warranty whatsoever in relation to this property. 

    Contact Us

    Matt Brooks

    MBI Surveyors

    Phone: 01235 828239

    Email: mattbrooks@mbiproperty.co.uk | joebutler@mbiproperty.co.uk

    Website: mbiproperty.co.uk


    Or our joint agent Duncan Bailey Kennedy: 01494 450951 FAO Will Janes