Property News Hatrick of deals for Colliers International

Chinese take away Gallowgate premises

Restaurant operator Chopstix has acquired 6,250 sq ft at 45-47 Gallowtree Gate, Leicester.

The Chinese buffet operator has taken a 20-year lease at an annual rent of £125,000 (£85.57 Zone A).

The restaurant, part of The Noodle Oodle Group, which boasts more than 20 restaurants in the UK and operates under the Wok in a Box, Oodle Noodle, New Organic Noodle and Noodle Stop brands, will operate from two of the four floors taken, following a fit-out.

The premises, owned by Staffordshire County Council, was previously occupied by Joy, the clothing and homeware retailer, which went into administration.

Colliers International advised the landlords on the deal. According to Emel Ahmet, a senior surveyor in the retail agency team at the firm’s Birmingham office, marketing the premises to retail and restaurant operators was fundamental to securing a tenant.

She said: “Chopstix’s investment will hopefully draw other leisure operators to the area. Noodle Oodle Group’s 20-year commitment certainly signals their confidence.”

Davis Coffer Lyons represented Chopstix.