A restaurant in the center of London with a long-term lease agreement.
The building has a basement of 174 m².
The planning consent restricts the restaurant to 220 covers at one time.
The restaurant was opened in the spring of 2017.
The cost of the property is 24,500,000 £.
Absolute annual income is 950,000 £.
The current yield of 3.9%.
The tenant is a network of Japanese restaurants, numbering more than 140 branches in 17 countries.
The lease agreement is valid through 2037. The contract provides a 12-month rent free period.
The brokerage fee is 2%.
Location and nearby infrastructure
The property is located in the area of Covent Garden. This is a popular shopping area, where the Royal Opera House is also located.
The museums, theaters, a sports hall and a library are situated not far from the building.