Basic Facts
Property ID:
5099
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Post Updated:
2019-12-09 17:27:13
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Status:
Acquired
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Type:
Restaurant
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Gross Rent:
£ 600,000
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Lease Term:
25 years from Dec '16
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Property Description
- Virtual Freehold Blue-Chip Restaurant Investment in Central London
- Brand new Wagamama’s flagship restaurant with a high concept fit out based on their their flagship New York branch on Madison Avenue.
- 5,457 sq. ft (507.0 sq. m) of A3 restaurant accommodation arranged over lower ground and ground floors.
Location Description
- Prominently located in the heart of Soho in Central London
- Less than 150m from the new Elizabeth Line (Crossrail) ticket hall on Dean Street.
Additional Notes
- Let to Wagamama Limited for 25 years FR&I from December ’16 for £600,000 per annum.
- 5 yearly rent reviews to open market A3 use with a tenant break option at year 15.
- Wagamama Limited have a D&B rating of 5 AI representing a minimum risk of business failure.
- For the year ending 26 April 2015 Wagamama Limited had a turnover of £188.115 million generating an EBITDA of £30.3 million.
Features
Above £5m
Attractive property
Blue-chip tenant
Finance available
Lease term > 15 years
New Development
Prime location
Suitable for a SIPP
Upwards Only Rent Reviews
Virtual Freehold