Soho's Charming 4-Floor Italian Restaurant with 2 Rental Apartments, Weekend Late License for Sale

Description

Fully fitted restaurant lease available in the heart of Soho on Old Compton Street, situated among a wide selection of upmarket restaurants, bars, and cafes. The property spans four floors and includes part residential accommodation, offering additional income potential.The ground floor accommodates 32 covers, with 41 covers on the first floor. The basement houses the kitchen and vaults, while the second and third floors each contain one-bedroom apartments that can be let separately. Several underground stations are within easy reach, including Leicester Square, Oxford Circus, and Piccadilly.Licenses include the playing of recorded music, private entertainment with dancing and music, a 2 am license on Thursday, Friday, and Saturday, and sale by retail of alcohol.The total size of the premises is approximately 2,080 sq ft: basement 256.72 sq ft, ground floor 375 sq ft, first floor 298 sq ft, second floor 650 sq ft, and third floor 500 sq ft.The property is offered by assignment of a 31-year lease from 2009, with five-yearly rent reviews under the provisions of The 1954 Landlord and Tenant Act. The next rent review is due in June 2025. The current rent is £98,000 per annum.