Since January 2015 our commercial property team, (with input from our construction team), have been acting for restaurant chain, Sticks’ n’ Sushi UK Limited (SnS). SnS have a strong base of 9 restaurants in Denmark, and are moving steadily into the UK lucrative but highly competitive restaurant market.
SnS currently operate from 4 sites in London. We are currently instructed on a further 3 acquisitions, 2 of which are in university towns, one in an historically important building in the centre of the City and the other in a major redevelopment of a large shopping centre. The third site is a prestigious new development in Central London.
With strategically important and often sensitive sites for both institutional landlord and SnS alike our team needs to ensure completion of the lease is conditional upon matters such as the development being completed by the landlord on time and as envisaged with the unit being handed over to the required shell specification and with the required services connections, the necessary planning and/or listed building consents and with an acceptable premises licence for SnS to operate as a restaurant primarily but with an ancillary bar.
Careful consideration of the usually complex title is required and the negotiation and agreement of a suite of documents in addition to the lease including a conditional agreement, licence to alter, external seating licences, turnover rent side deeds and warranties from the contractor and professional team.