Newly Created and Highly Enviable Corner Restaurant Premises in Leicester Square

Key Features

• Leicester Square
• Prime Corner Position on Cranbourn Street
• Opposite The Hippodrome
• Super Strong Footfall Day & Night
• New Unit Built to Spec
• Large Outside Seating Area

Description

The property is arranged over ground floor, basement and first floor levels of this uniquely located ‘island’ site leading to Leicester Square. There will be a large area around the extensive return frontage allowing for pavement seating, by way of a pavement licence from the council, which will need to be applied for. The premises are to be let in developers shell condition, with capped off services, extraction and other HVAC ducting to the roof all in situ.

Available area

The accommodation comprises the following areas:

Location

The premises occupy an unrivalled corner position on Cranbourn Street, the main thoroughfare used by tourists to get to and from Leicester Square when coming from Covent Garden and Leicester Square Station. The area boasts over £2.5 million visitors a week and is home to a host of casinos, clubs, hotels and restaurants.

Tenure

A new Full Repairing and Insuring Lease for a term of years to be agreed, subject to periodic rent reviews. The lease will be granted outside the security and tenure provisions of the Landlord & Tenant Act 1954.

Quoting Rent

Offers in excess of £650,000 per annum exclusive.

VAT

VAT may be applicable to the rent and any other outgoings.

Planning/Licence

The premises benefit from Class E planning use and are being offered subject
to the grant of a premises licence allowing the sale of alcohol and late night refreshment, if required by the tenant. The letting will also be subject to the grant of a pavement licence.

Holding Deposit

A holding deposit will be required to secure a property. The deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.