Rarely Available Soho Restaurant with Upper Parts

Key Features

• PRIME Sought After Soho Location
• Income Producing Upper Parts
• Very High footfall at all times
• Protected 1954 Act Lease
• Full Kitchen Extraction
• Alcohol Licence in Place
• Excellent Transport Links

Description

The premises are fitted out as a Restaurant over the ground floor, mezzanine and basement with seating for approx. 40 covers internally with an additional 4 covers on the outside terrace. There is a fully fitted kitchen with full extraction and ample storage facilities and customer & staff toilet facilities, with the addition of residential upper parts situated on the 1st, 2nd, and 3rd floors with their own separate entrance currently bringing in a very good rental income.

Available area

The accommodation comprises the following areas:

Location

The unit is well located on Old Compton Street in the heart of Soho, one of central London's liveliest and most characterful neighbourhoods. Benefitting from very high footfall day and night, and is surrounded by independent cafés, international restaurants, cocktail bars, theatres and a well-established LGBTQ+ scene.

Tenure

A FRI lease expiring on 28th September 2039, 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, Part 2 as amended.

Rent

On application.

Premium

On Application.

VAT

VAT may be applicable to the rent, premium and all other figures quoted.

Planning/Licence

The restaurant benefits from E class planning use, and has a premises license in place to sell alcohol with the provision of table meals with the following hours:
Monday to Saturday 10am to Midnight, and on Sunday from 12pm to 11.30pm.

Confidentiality

Highly confidential as staff are unaware.

Holding Deposit

A holding deposit will be required to secure the property.