Lisson Grove, Marylebone

RECENTLY REFURBISHED Excellent double-fronted restaurant premises in Marylebone features approximately 1,040 sq. ft. of ground floor space, accommodating seating for up to 50 diners. It includes ancillary facilities such as a well-equipped kitchen with a prep area, CCTV as well as customer toilets. Premium £120,000

LOCATION: Marylebone is a stylish residential area with a village atmosphere, centred around the independent boutiques and upscale restaurants of Marylebone High Street. Tourists 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 .