Home | Business | FISH AND CHIPS EZULWINI SELLING FOR E250 000

FISH AND CHIPS EZULWINI SELLING FOR E250 000

09/09/2019 23:51:00 BY KWANELE DHLADHLA

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MBABANE – Fish and Chips Ezulwini is up for grabs. Through its liquidator, Jose Rodrigues, the company has placed one of its outlets on the market for a negotiable price of E250 000.

“The fully fitted Fish and Chips outlet located at Shop No. 5 Corner Plaza, Ezulwini for sale-lock, stock and barrel including all fixtures, fittings and catering equipment,” reads the notice which was published yesterday.

The announcement of sale follows a litany of litigation against Fish and Chips which also faces liquation. An application for ejectment at the Fish and Chips outlet in Nhlangano was instituted at the High Court hardly a month after the court directed a deputy sheriff to attach all movables at the Fish and Chips located at Ezulwini. The court directed a sheriff to attach movables belong to the company in lieu of rentals amounting to over E100 000 in Nhlangano at Zam Zam Shopping Complex.

The order by the court came after Libuyile Properties Pty Limited which owns the property instituted legal proceedings against Skyrich Investments Pty Ltd which trades as Fish and Chips Company. It also demanded that the company (Fish and Chips) be interdicted from removing any movables in particular fixtures and fittings.

The exact amount allegedly due as rentals where Libuyile Properties also sought for ejectment of the restaurant was E100 125.73.
Narrating the background of the matter, Nhlanhla Nkonyane, who is property manager of the applicant (Libuyile Properties Pty Limited), submitted that the previous owner of Zam Zam was Builders Hardware whom the respondent (Fish and Chips) obtained the rights to occupy the premises.

Agreement

According to Nkonyane, the previous owner had concluded a written lease agreement in May 2013 which endured for a period of five years. He explained that subsequent to expiry of the agreement, applicant acquired ownership of the premises.

It was mentioned that a draft lease agreement was forwarded to the respondent and instructed to return it to the applicant upon signing. The property manager asserted that Fish and Chips did not return the draft at all but remained in occupation of the premises.

He claimed that part of the terms of agreement were that the lease would be for a period of one year with an option of renewal for a further one year and that the sum of E11 712.80 would be rent for each month excluding Value Added Tax (VAT). VAT currently stands at 15 per cent in the kingdom.
Nkonyane informed the court that Fish and Chips allegedly breached the lease agreement after having defaulted payment for some of the months when they were in occupation of the building.