• Located within a densely populated area of London

• Extensively refurbished in 2018

• Let to Dynasty Investments Ltd t/a German Doner Kebab

• Parent company - Hero Brands Ltd (Turnover £34.8m, Balance Sheet £4.48m)

• Over 10 years unexpired with no breaks

• Fully repairing and insuring lease

• £10,000 rent deposit held and to be passed on to the purchaser

• 4 yearly upwards only rent reviews

• £615,000, subject to contract

• Net Initial Yield of 7%

The property is situated on the East Side of Rushey Green, set back from the road and to the south of its junction with Ringstead Road.

An eclectic mix of national and local operators are situated on Rushey Green, including KFC, Subway, Greggs, Nando’s, Costa Coffee, Superdrug, Specsavers, Aldi, Halfords, Poundland, Pure Gym, High Street Banks and Estate Agencies.

The immediate vicinity benefits from a highly dense residential and commercial population making it an ideal site for a German Doner Kebab. The vicinity is also a sought-after place to live and benefits from an exceptionally strong residential rental market. There are ample bus routes which pass through Rushey Green.

The property comprises a ground floor and basement commercial premises benefiting from front and rear access.

The property has been fitted out by the tenant to their usual corporate style as a fully functioning dine in, takeaway and delivery premises. The property benefits from outdoor seating, customer seating to the front, an open kitchen in the middle and prep / storage towards the rear and in the basement.

The extraction flue runs through the commercial and residential parts of the building.

The property was extensively refurbished in 2018.

The property has been measured by BKR Floor Plans and provides the following net initial floor areas:

A set of floor plans is available to download and the measured survey report will be re-addressed to a purchaser at a cost of £540 + VAT.

999-year long leasehold, from 25th October 2019, at a peppercorn rent.

German Doner Kebab is a gourmet kebab business operating from restaurants across the UK, USA, UAE, Sweden, Canada, Ireland and Saudi Arabia.

There are over 130 restaurants in England with over 35 being in London.

The company has spent the last 30 years refining its recipes and processes and is now a well-known brand around the world. This gourmet kebab concept offers a unique experience with the best ingredients and appeals to a broad market of consumers.

German Doner Kebab sell a wide range of gourmet kebabs, sandwiches, salads and meal boxes. They also sell a range of sides, drinks and desserts.

Sales are channelled mainly through in store dining, in store takeaway, click and collect, Uber Eats, Deliveroo and Just Eat.

According to TripAdvisor, German Doner Kebab was crowned as the number one place to eat in London, 2019.

Dynasty Investments Limited are a franchisee and reported Fixed Assets of £526,672 and Net Assets of £290,3000 in their April 2022 accounts. The tenant has been successfully trading from this location since 2018, so much so that they agreed to remove the 2022 and 2026 break clauses in exchange for 3.5 months’ rent free.

A rent deposit of £10,000 is held by the vendor and will be passed on to the purchaser.

Hero Brands Ltd are the parent company and have reported the following figures:

For further information visit www.germandonerkebab.com.

The property has been registered for VAT and it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

1. An opportunity to acquire a property in an affluent London borough;

2. Highly prominent property, set back from the main road;

3. Revenue of tenant’s parent company in excess of £34m;

4. Over 10 years unexpired lease term with no breaks;

5. Break clauses removed, demonstrating the tenant’s commitment to the property;

6. Upwards only rent reviews every 4 years on the commercial element;

7. £10,000 rent deposit to be passed on to a purchaser;

8. Opportunity to increase the rent at the next rent review in July 2026;

9. Opportunity to acquire a property let to an established and growing brand;

10. Attractive lot size to an investor;

11. Attractive yield for a London asset.

Access to the data room and for the ability to purchase online with speed and ease, please click the clicktopurchase® “C” icon or the clicktopurchase® side bar. Purchasers will be able to access the complete legal package, clear verification and submit legally-binding offers to acquire the property.

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