Prime Marylebone Restaurant

Key Features

• Sought After Location
• Double Fronted Restaurant
• 100 Cover Restaurant plus 16 Al Fresco Covers
• Fully Fitted Ground Floor Kitchen with Extract
• Close to Marble Arch and Baker Street

Description

The double fronted restaurant is in excellent condition, arranged to seat circa 60 covers on the ground floor with a fully fitted high spec kitchen located to the rear. The basement provides an further 40 covers, storage space, customer toilets and staff areas. There is also ‘al fresco’ seating for 16 covers in front of the premises.

Available area

The accommodation comprises the following areas:

Location

The premises are prominently located on Seymour Place, in the heart of Marylebone, amidst and abundance of luxury residential flats, high quality office space and numerous high class hotels. The immediate area boasts a wide range of independent retailers, restaurants and coffee shops in the heart of Central London, and the area is well served by public transport links with Marble Arch station being a short walk away.

Tenure

We are offering an assignment of the existing Full Repairing and Insuring 15 year lease from January 2013, subject to 5 yearly rent reviews. It is understood that the lease is granted inside the security of tenure provisions of the Landlord and Tenant Act 1954.

Passing Rent

£92,000 per annum exclusive with rent reviews every 5 years.

Premium

Offers in excess of £200,000 invited.

VAT

VAT may be applicable to the premium and rent.

Planning/Licence

E Class planning use with a premises license in place allowing the sale of alcohol until 23.30 Monday-Thursday, Friday-Saturday until 00:00 Sundays until 22.30 with standard restaurant conditions.

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.