Award-winning restaurant in Portsmouth sold through joint agents Christie & Co and Savills
Specialist business property adviser Christie & Co and international real estate adviser Savills have jointly advised on the sale of the freehold Restaurant 27 in Southsea, Portsmouth, to a private owner for an undisclosed amount. The new owners are planning to introduce a quality Italian restaurant offering.
Occupying a prominent corner position in the quaint seaside suburb, Restaurant 27 has the potential to once again be a highly popular dining spot and is Portsmouth’s only AA Rosette restaurant featured in the Michelin Guide.
The business has been owned and operated by couple, Kevin and Sophie Bingham, for the last 15 years and came to the market to allow them to pursue other lifestyle interests.
Kevin Bingham, comments, “As much as we have enjoyed being the owners for the last 15 years and having dedicated much of our life to the industry, now is right for us to hand over the reins to someone else. It's taken a lot of hard work and dedication, but it has been incredibly rewarding in every aspect, and we wish the new owners the best of luck and will offer them our support.”
Richard Wood, Regional Director at Christie & Co, comments, “I am delighted to have completed on the sale of Restaurant 27, working alongside Chris Bickle at Savills to secure the deal. We are excited to see what the new proprietors have in store for the restaurant, given their experience in the industry.”
Chris Bickle, Director in Licensed Leisure at Savills, adds, “The property attracted strong interest resulting in multiple bids, illustrating the continued demand we are seeing for the Southsea area of Portsmouth, particularly for well-presented assets with accommodation.
For further information on this press release, contact:
Niamh Toman, Junior Corporate Communications Executive
P: +44 7768 646 984 or E: Niamh.toman@christie.com
Contact the agent:
Richard Wood, Regional Director – Pubs & Restaurants
P: +44 7778 880 583 or E: Richard.wood@christie.com
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