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Restaurant unit in the heart of Mayfair

England, United KingdomUnlock address

78%

Offers invited

Retail

#34140

Core

19 Mar 2024

Property Details

Broker

For sale

3,861 sq.ft.

359 m²

NIA

1

Leasehold

164

X

Fees

0.00 %

0.50 %

0.50 %

Investment Overview

Rare opportunity to acquire an attractive restaurant unit in the heart of Mayfair. Double-fronted unit on one of Mayfair’s most sought after micro-locations for retail, restaurants and private members clubs. Excellent transport links, less than a 4-minute walk to Green Park Station. Providing 3,861sq ft NIA of Class E accommodation over ground and lower ground floors. Let on a 20-year lease expiring in May 2041. Topped-up rent of £410,000 per annum, with upward only open market reviews every 5 years, providing scope for significant reversion. Potential to get vacant possession, suiting owner occupiers. Held on a 175-year long-leasehold at a peppercorn rent, expiring in December 2188 (c.164.8 years remaining).