Soho Bar/Restaurant, London, W1F

  • Bar / Restaurant
  • 1,400 sq ft
  • Lease Assignment
Soho Bar/Restaurant, London, Bar / Restaurant Lease Assignment - final stock bar 2.jpg
Property Type Bar / Restaurant
Tenure Lease Assignment
Size 1,400 sq ft
Premium £200,000
Energy Performance Rating Upon enquiry

Fully Fitted Soho Bar/Restaurant

Key Features

  • Exquisite Fit Out
  • Ground Floor Bar/Restaurant
  • PRIME Soho Location
  • Midnight Licence
  • Alcohol Sales to Seated Customers with Substantial Food Available

Description

An exquisitely fitted, double fronted bar restaurant in the heart of Soho, set over Ground floor only. The bar is fitted to accommodate approximately 40 covers plus further covers at the bar and a private dining room for a further 10 covers. The premises have been recently fitted and are in excellent condition with a large bar installed. There is a small fully fitted kitchen to the rear of the premises with limited extract in situ.

Available area

The accommodation comprises the following areas:

Name Sq ft Sq m
Ground 1,400 130.06
Total 1,400 130.06

Location

Located in a prime position in the heart of Soho, close to Oxford Street, Piccadily Circus and Leicester Square.

Tenure

We are offering an assignment of the current lease granted for 10 years from March 2019, inside the security of tenure provisions of the Landlord and Tenant Act 1954.

Passing Rent

£86,000 per annum exclusive, rising to £86,000 in March 2023 and £90,000 in March 2024, with a rent review in March 2024. The lease is understood to be inside the 1954 Landlord & Tenant Act.

Premium

Offers in the region of £200,000.

VAT

May be applicable to the premium and rent.

Planning/Licence

A premises licence is in place permitting the sale of alcohol until 11.30 pm Monday to Thursday, until midnight on Friday to Saturday and until 10.30 pm on Sunday. Alcohol may be served to seated customers if substantial food (cooked onsite) is available.

Confidentiality

This sale is highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of an impending sale.

Holding Deposit

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.