Restaurant in Prime Central Soho
Price:
Leasehold - £353,000
Location:
London, Soho, Old Compton Street
Business Type:
Food Service Businesses
REDUCED Premium: OIRO £353,000
A3 Restaurant Use
3,075 Sq Ft (Gross Internal Area)
Letting Potential of Upper Floors
Rent: £70,000 per annum exclusive
Gross Sales in the Region of £800,000 p/a
Extended Hours of Business Until 00:30
30 Years Unexpired
Basement: The basement comprises of a Customer W/C’s, trade kitchens, storage vaults and cold room.
Ground floor: The ground floor area seats circa 35 covers.
First Floor: The 1st floor is self-contained and accomodates 30 covers plus storage.
Second Floor: The 2nd floor is utilised as a 1 bed flat and dry store.
Third Floor: The third floor as a managers flat and can be easily converted to 2 bedrooms
The premises are located on the North Western side of Old Compton Street in prime central So-ho; arguably one of the busiest restaurant desti-nations in the world! Nearby occupiers include Med Kitchen, Balans, Patisserie Valerie, Leon, Caffe Nero, Costa Cof-fee, Poncho 8, Cote and Busaba. The area is served with extremely good transport links with Leicester Square, Oxford Street and Tottenham Court Road Underground Stations being within easy walking distance.
The property is held by a Full Repairing and Insuring Lease for a term of 30 years; and benefits from an unexpired term of approximately 29 years. The lease is subject to 5 yearly rent reviews, with no further review until 2015. It is understood that the lease is granted inside the Security of Tenure Provisions of the Landlord and Tenant Act 1954, part two as amended.
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