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Beautiful 130 Cover Restaurant In St James To Let

UK
Asking Price:
On Application
Turnover:
Undisclosed
Net Profit:
Undisclosed

The restaurant is arranged over ground floor and basement and are beautifully fitted out to a very high standard. There are approximately 25 covers on the ground floor as well as the restaurant reception and a drinks bar. The basement is arranged to accommodate a further 90 covers in the main dining space, 3 private dining rooms, large commercial, customer toilets, storage and staff areas.

The premises are prominently located close to Jermyn Street, in the heart of Piccadilly/St James, in Central London. The premises are close to some of London’s most exclusive retail destinations, world renowned hotels and restaurants such as The Ritz, Chutney Mary, Wiltons and The Wolsey to name a few.

Tenure: The premises are held by way of an FRI lease expiring in May 2035, with 5 yearly rent reviews, the next review being in May 2025.

Passing Rent: £375,000 per annum exclusive, with the next review in May 2025.

Premium: Upon application.

VAT: VAT may be applicable to the rent, premium and other outgoings.

Planning/Licence: The premises benefit from A3 planning use class, along with a premises licence which allows for sale of alcohol until 1.30am every day of the week, with standard restaurant conditions.

Key selling points:
Exclusive Location

Excellent Fit Out to a High Standard

Large Kitchen

3 Private Dining Rooms

Lease Held Inside the Act

Property Information

Property:

Leasehold

Size in square feet:
6850 sqft