Lisson Grove, Marylebone

RECENTLY REFURBISHED
Excellent double-fronted restaurant premises in Marylebone, comprising approximately 1,040 sq. ft. of ground floor space and accommodating seating for up to 50 diners. The premises include ancillary facilities such as a well-equipped kitchen with prep area, CCTV and customer toilets.

PREMIUM £75,000.

LOCATION: Marylebone is a stylish residential area with a village atmosphere, centred around the independent boutiques and upscale restaurants of Marylebone High Street. Tourists are also drawn to attractions including Madame Tussauds and the Sherlock Holmes Museum at 221B Baker Street.

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

Tenant Only Break Clause: Every 5 years (next: 7th December 2027)

PREMIUM: £75,000 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.

LICENCES: 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 is £43,500; payable, £11,190 per annum. Interested parties must verify these figures with the London Borough of Westminster.

LEGAL COSTS: Each party to be responsible for their own legal costs incurred in the transaction. The incoming tenant is also responsible for the landlord's reasonable legal fees.

VIEWING: Strictly by appointment only with SOLE Agents Citydeal Estates on .