Expanding steak restaurant group Cattle Grid has added a fifth restaurant to its portfolio after acquiring a leasehold property on Battersea Rise, London, from Rising Star Leisure.
The new restaurant - on a site previously occupied by the Establishment bar and restaurant - will join other Cattle Grid outlets in Balham, Kingston, Windsor and Leeds.
A premium of £100,000 was paid for the remainder of the free-of-tie, 30-year-lease at a passing rent of £105,000 per annum.
Paul Tallentyre, director of pubs and bars at Davis Coffer Lyons which negotiated the deal, said he is sure Cattle Grid will perform well on the site. "Battersea is now home to some of the restaurant sector's real shining stars, such as Soif, Draft House, Byron and Franco Manca. The rising number of multiple operators and quality independents taking sites has enabled Battersea to lead the charge for competitive rents in south-west London and is now at the top of many operators' lists."
Cattle Grid serves a selection of six different cuts of steak, starting at £13.95 for a 10z rump, with a choice of 19 toppings, butters and sauces including haggis, goats' cheese and green peppercorn sauce.
Meanwhile, Rising Star Leisure continues to operate contemporary restaurant and bar venues in London neighbourhoods including the Underdog in Clapham and the Dime Bar and Restaurant in Battersea.
By Janet Harmer
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