In January, TRG appointed the real estate adviser to sell 23 of its former restaurants, which comprised a mix of former Frankie & Benny’s, Chiquito, Joe’s Kitchen, Coast to Coast, Garfunkel’s and Filling Station sites.

•   Restaurant group to offload 23 properties
•   Developer offloads site for £80m
•   Government saves £973m from property sell-off

The six units up for sale will be available on an individual basis and include four Frankie & Benny’s outlets and two Coast to Coast restaurants. 

The properties, which are currently not trading, are being sold with existing planning and licensing consents which will allow them to be reoccupied quickly. 

The available properties are:

•    Frankie & Benny’s, Borehamwood
•    Frankie & Benny’s, Edinburgh
•    Former Frankie & Benny’s, Gateshead (Clasper Way)
•    Coast to Coast, Hemel Hempstead
•    Frankie & Benny’s, Newport (Friars Walk)
•    Coast to Coast, Nottingham (Intu Victoria Centre).

“We are pleased to be marketing these properties on behalf of The Restaurant Group,” said David Bell, head of UK leisure at Savills. 

“Those brought to market earlier this year have attracted interest from a range of established retail and leisure operators as well as new entrants thanks to the diverse mix of locations involved, and we expect these additional sites to do the same.”

Savills has also been instructed by TRG to acquire new sites across the Midlands, East Anglia, the South of England and Wales.