Fully Fitted Restaurant and Bar with Income Producing Residential Upper Parts

Key Features

• Low Premium
• Fully fitted with extract in situ
• Lease of the Whole Building
• Prime Central London Location
• Premises Licence in Place

Description

The premises are fully fitted and trading as a high end restaurant and bar. The ground floor has a bar, customer seating with private booths and a lounge area. The ground floor restaurant area accommodates 77 seated covers or 100 standing. The basement level is fitted as a cocktail bar with further seating and standing. The trading space will be handed over in a partially stripped out condition. The upper parts are comprise of 4x2 bed flats, and attrract a substaintial rental income of approx. £200,000 per annum.

Available area

The accommodation comprises the following areas:

Location

The premises are located in a prime and central location in Fitzrovia with an abundance of nearby operators including bars, restaurants, offices and retailers.

Tenure

An assignment of the FRI lease expiring in March 2030. The lease is granted within the Landlord & Tenant act 1954.

Rent

£237,000 per annum exclusive.

Premium

£60,000.

Licence/Planning

The premises benefit from E Class planning use with a premises licence to sell alcohol Monday to Wednesday until 00.00, Thursday to Saturday until 1.00 and Sunday until 23.30.

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.