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Nine restaurants and bars for sale, buy one or all

By James Russell: Nine restaurants and bars for sale, buy one or all

April 5, 2011

Acting on behalf of administrators Begbies Traynor, Christie + Co is marketing for sale nine restaurants and bars operated by Principle Leisure Group.

The nine sites are located in Nottingham, Sheffield and the North-East of England — six in prime city centre locations and the others in highly desirable provincial residential areas. Consisting of eight leaseholds and one freehold site, offers are sought for either the group, or on an individual-site basis.

The full list of businesses available is:

• River Bar & Flume Restaurant (Freehold), Washington

• San Lorenzo Restaurant, Cramlington

• San Lorenzo Restaurant, Gosforth

• Saltwater, Nottingham

• Popolo, Newcastle

• Popolo, Sheffield

• Popolo in the Garden, Newcastle

• Establishment Bar, Sunderland

• The Blackbird, Newcastle

Simon Chaplin, Director at Christie + Co, says: “Opportunities to acquire a group of bars and restaurants of this quality do not come around too often. All are presented to a high standard in modern, traditional or listed buildings. Whether wet-or-dry led, each site offers a quality product and we are already receiving a great deal of interest.”

For further information about this sale, contact David Lee of Christie + Co, Newcastle office on 0191 269 7000.

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