Property Type | Restaurant |
Tenure | Lease Assignment |
Size | 2,378 sq ft |
Premium | £200,000 |
Energy Performance Rating | Upon enquiry |
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.
The accommodation comprises the following areas:
Name | sq ft | sq m |
---|---|---|
Ground | 1,125 | 104.52 |
Basement | 1,253 | 116.41 |
Total | 2,378 | 220.93 |
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.
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.
£92,000 per annum exclusive with rent reviews every 5 years.
Offers in excess of £200,000 invited.
VAT may be applicable to the premium and rent.
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.
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.
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.