Prime Soho Restaurant - Lease Assignment

Key Features

• Prime Location
• Ground & Basement
• Alcohol Licence
• 1am Closing
• Corner Unit

Description

The premises are laid out over the ground floor and basement which accommodate approximately 32 covers. The basement has a kitchen and customer toilets with ample storage facilities. There is further seating outside the property as well.

Available area

The accommodation comprises the following areas:

Location

The property is in an excellent position in the heart of Soho. Nearby operators include Pret A Manger and Balans to name but a few. The Nearest stations are Leicester Square underground station (Northern Line) and Piccadilly Circus underground station (Piccadilly Line and Bakerloo Line) are both are within easy walking distance.

Tenure

An assignment of the existing lease, expiring in May 2033, subject to 5 yearly rent reviews. The lease is granted inside the security of tenure, provisions of the Landlord & Tenant Act 1954, Part 2 as amended.

Passing Rent

£110,000 per annum exclusive.

Premium

Upon Application.

VAT

All prices quoted may be subject to VAT if applicable.

Licence / Planning

The premises benefits from E class planning use and a premises licence is in place allowing to sell alcohol at the following times: Monday-Saturday: 11:00pm to 1:00am. Sunday: 12:00pm to 11:30pm.

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.