RECENTLY REFURBISHED
Excellent double-fronted restaurant premises in Marylebone.
LICENCES: Previous alcohol licence (Monday to Sunday)
Current Trading Hours:
Monday to Thursday: 08:00 - 22:30
Friday: 08:00 - 23:30
Saturday: 12:00 - 23:30
Sunday: 09:00 - 22:00
Location
Marylebone is a stylish residential area with a village atmosphere, centred around the independent boutiques and upscale restaurants of Marylebone High Street. Tourists are also drawn to attractions including Madame Tussauds and the Sherlock Holmes Museum at 221B Baker Street.
- 3-minute walk to Marylebone Station
- 8-minute walk to Baker Street Station
Accommodation
This recently refurbished, double-fronted restaurant in Marylebone offers approximately 1,040 sq. ft., seating for up to 50 diners, a well-equipped kitchen with prep area, CCTV and customer toilets.
Terms
Rent: £45,000 per annum.
Lease: 15 years from 7th December 2022, protected under the Landlord and Tenant Act.
Rent Deposit: 3 months + VAT (£13,500).
Rent Review: 7th December 2027.
Tenant Only Break Clause: Every 5 years (next: 7th December 2027).
Premium: Including goodwill, fixtures and fittings. The premium reflects the refurbishment costs undertaken by the current tenants, the current business and the high-quality equipment included in the sale.
Rates: Rateable value £43,500; rates payable approximately £11,190 per annum. Interested parties must verify these figures with the London Borough of Westminster.
Legal Costs: Each party to be responsible for their own legal costs. The incoming tenant is also responsible for the landlord's reasonable legal fees.