18-20 Rupert StreetSoho, W1D 6DD

Description
A rare double-fronted restaurant opportunity in Soho, close to Chinatown with a desirable late premises license and the existing mechanical and electrical infrastructure in place.

Tenure
The unit is available by way of a new effectively full repairing and insuring lease for a term to be agreed. The lease will be contracted outside of the security of tenure and compensation provisions of the Landlord & Tenant Act 1954 Part II (as amended).

Rent
Base rent upon application. The base rent will be exclusive of rates, VAT (if applicable) and all other outgoings. The operator will be required to put forward a percentage of turnover, such that the higher of the base rent or turnover is payable.

Business Rates
The rateable value for the property is £267,500 under Westminster council with Rates Payable at £136,960 p.a. Interested parties are advised to make their own enquiries with the local Authority.

Planning and Licensing
The premises benefits from Class E planning use and a premises licence permitting the sale of alcohol during the following hours:
Monday-Wednesday :- 10:00-00:30
Thursday-Saturday :- 10:00-01:30
Sunday :- 12:00-23:30
The license allows for 25 customers to be served alcohol without food in a designated bar area.

EPC
On Application.

Legal Costs
Each party is to be responsible for its own legal costs incurred in this connection with this letting.