Key Points

Summary

Prominent restaurant unit to let in close proximity to Oxford Street

Description

The restaurant comprises the ground and basement of a six storey mid-terrace building with exposed stone elevations beneath a flat roof. The premises benefit from a main entrance from Berners Street and a secondary entrance from Berners Place. The upper floors comprise residential apartments which are excluded from the new lease.

Location

The premises is located on Berners Street, which adjoins Oxford Street to the south and Eastcastle Street to the north. Oxford Street is one of the busiest retail streets in Europe and benefits from approximately half a million daily visitors to its array of global brands. Operators fronting Berners Street include Nando’s, the 5 star London Edition Hotel, which offers 173 rooms and the Berners Tavern. Operators in the surrounding area include Costa Coffee, McDonald’s, Tortilla, Pret, Five Guys and Wagamama. Public transport connections are excellent with both Tottenham Court Road and Oxford Circus underground stations located 0.3 miles to the east and west respectively; providing access to the Central, Northern, Bakerloo, Crossrail and Victoria lines. Access to the national rail service is provided at London Charing Cross Station, 0.9 miles to the south east, and Euston, 1.0 miles to the north.

Licensing

The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the premises is permitted to sell alcohol under the following hours: Sunday to Thursday 11:00 - 23:30 Friday to Saturday 11:00 - 00:00

Terms

Rental offers are invited in the region of £165,000 per annum for a new lease of the ground and basement restaurant unit on terms to be negotiated. The service charge is to be confirmed.

Fixtures & Fittings

Fixtures and fittings may be available by way of separate negotiation.

EPC

An EPC rating of D (85) has been calculated.

Rateable Value

2017 - £200,000

VAT

All figures quoted are exclusive of VAT

Money Laundering

Money Laundering Regulations require Savills to conduct checks upon all Purchasers (including Agents). Prospective tenants will need to provide proof of identity and residence.

Viewings

All viewings must be arranged by prior appointment via the joint letting agents Savills or Stephen Kane & Company

Contact

Stuart Stares Savills +44 (0) 207 299 3088 sstares@savills.com James Grasby Savills +44 (0) 207 409 8178 james.grasby@avills.com Paul Breen Savills +44 (0) 207 877 4555 pbreen@savills.com Stephen Kane Stephen Kane & Company +44 (0) 20 7224 0101 sk@stephenkane.co.uk