Restaurant & Income Producing Uppers

Price:

Leasehold - £375,000

Seller Ref:

BiagioCompton

Location:

London, Old Compton Street, London

Business Type:

Food Service Businesses, Retail businesses

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Description:

THE BUSINESS:

Confidential Staff Unaware
Entire Four Storey Building
S/C Income Producing Uppers
Approximatley 3,500 Sq Ft
Rent: £90,000 Per Annum Exclusive
Long Established Italian Restaurant
60+ Covers On Ground Floor
Premium OIRO: £375,000

The restaurant accomodates in the region of 60+ covers over the ground floor with basement food preparation area, storage, staff changing area and walk in fridges. The fully fitted kitchens are located on the mezzanine floor and benefit from full extraction system.

The upper floors comprise of three income producing, self contained appartments

Location Details:

The restaurant is located on the North Western side of Old Compton Street in Central Soho. This is a vibrant and busy location with high volumes of passing trade 7 days per week. Nearby operators include Poncho 8, Cafe Bohem, Bar Soho, Balans, Soho House and Med Kitchen to name just a few.

Lease Terms:

Full Repairing and Insuring Lease for a term with approximately 13 years unexpired, subject to periodic rent reviews. The lease is granted inside the security of tenure provisions of the Landlord and Tenant Act 1954, part two as ammended.