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Mayfair Town House with Members Club planning consent available on new lease
Property DetailsLOCATIONThe premises are located in one of London’s most sought after cultural, retail and restaurant destinations in Mayfair, at the southern end of Albermarle Street, just off Piccadilly and close to Berkeley Square, Old Bond Street, Dover Street and Green Park. This world famous location is home to a number international luxury brands including Thom Browne, Alexander Wang, Victoria Beckham, Paul Smith and Globe Trotter, as well as some of Mayfair’s best-known restaurants including Isabel, The Arts Club, Gymkhana, Sexy Fish, Park Chinois The Wolsely and Novikov, The area is an established high-end office and residential location. Landlord Tropheum has significant ownership in Albemarle Street and has the power to effect change. It is taking active steps to further improve, curate and promote the street.TERMSThe property is available by way of a new effectively FR&I lease for a term to be agreed. The lease will be contracted outside the Security of Tenure provisions of the Landlord & Tenant Act 1954. Asking Rent: 1st &2nd floors £225,000 per annum 3rd&4th floors £200,000 per annum Whole building £425,000 per annumBUSINESS RATESThe business rates need to be re-assessed. Prospective tenants are advised to confirm any rating liability directly with the Local Authority.
Planning Usage: A3 Restaurants
1st&2nd floors - sui generis members club and restaurant/bar
3rd&4th floors – B1 offices
All floors are suitable for other uses subject to planning consent and the landlord is open-minded about alternative uses.
In its existing configuration, the building comprises a restaurant and bar over the 1st and 2nd floor with retail/office accommodation on the 3rd and 4th floors. The first 1st and 2nd floor are available as one or there is the opportunity to take all 4 floors together to create a flagship restaurant, club, retail or other use such as showrooms, couture, gallery or spa (subject to planning).
The property comprises the following approximate dimensions and net internal floor areas:
48 Albermarle Street ,
To be provided in due course.