Restaurant to rent
Property description & features
LOCATION: Marylebone is a stylish residential area with a village atmosphere, centred around the independent boutiques and upscale restaurants of Marylebone High Street. Tourists flock to attractions like the Madame Tussauds wax museum and the Sherlock Holmes Museum, located at 221b Baker Street, the fictional detective's home.
3-minute walk to Marylebone Station
8-minute walk to Baker Street Station
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 (after 5 years)
Break Clause: Every 5 years (next: 7th December 2027)
PREMIUM: £120,000 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.
LICENSES: 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
RATES: The rateable value = £32,500; payable, approx. £3,810. Interested parties must verify these figures with London Borough of Westminster.
LEGAL COSTS: Each party to be responsible for their own legal costs incurred in the transaction. The incoming Tenant covers reasonable landlord's legal fees.
VIEWING: Strictly by appointment only with SOLE Agents Citydeal Estates[use Contact Agent Button].
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Broadband availability and predicted speed
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 31, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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