Prime Soho Restaurant Opportunity

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Prime Soho Restaurant Opportunity Prime Soho Restaurant Opportunity 49 LEXINGTON STREET Location Lexington Street is a charming street in the very heart of Soho and surrounded by Soho’s edgy bars, cafés and shops and connects Broadwick Street and Beak Street, both popular dining and shopping destinations. The property is situated on the northern end of Lexington Street close to its junction within an elegant Grade 2 listed Georgian building. It is a hotspot for eating, drinking and shopping, and is busy seven days a week attracting shoppers, tourists, office workers and residents. Other nearby operators include; Bao, Andrew Edmunds, Mildreds, Temper, The Ivy Soho Brasserie, Said, Tapas Brindisa, Yauatcha, Ember Yard, Polpetto, The Duck and Rice and Social Eating House. Nearby is Carnaby, home to over 60 restaurants, pubs, bars and cafés including the 3-floor foodie hub, Kingly Court with over 20 independent and concept restaurants including Whyte & Brown, Señor Ceviche and The Rum Kitchen. The Property The restaurant will be delivered in a shell condition with a new kitchen extract duct installed. Temper Ember Yard Bao The Duck and Rice PRIME SOHO RESTAURANT OPPORTUNITY 49 LEXINGTON STREET Accommodation Service charge and Insurance The restaurant has the following approximate gross floor areas net of The service charge for the current financial year is stairs: estimated at £6,200 per annum. Insurance is estimated at £860 per Ground 460 sq ft annum. Further information available on request. Basement 531 sq ft Garden 271 sq ft Rates Total 1,262 sq ft Interested parties should make their own enquiries with the Local Authority. Planning The restaurant benefits from A3 planning consent. Energy Performance Certificate An EPC will be provided. Licensing A premises license is being obtained and will be transferred to an Legal Costs incoming operator. Each party to bear its own costs. Tenure The restaurant is available by way of a new effective FRI lease for a term to be agreed, contracted outside the Contact Landlord and Tenant Act 1954 part 11 (as amended) Emma Flather [email protected] Rent 020 3130 6422 Upon application; as is the leasing policy of Shaftesbury the operator will be required to put forward a percentage of turnover, such that the higher of the base rent or turnover is payable. 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