- Area & Transport
NEW LEASE A3 RESTAURANT IN NORTH MAYFAIR
Property DetailsLOCATIONThe property is located on the corner of North Audley St and Lees Place on the West side of North Audley St, a few doors from Roka and adjacent to North Audley Canteen, both of which trade phenomenally well. It’s also the last restaurant before you get to before Grosvenor Square which is due to receive the new Rosewood Hotel which will drive a lot of new foot traffic down this side of the square from North Audley St to South Audley Street, connecting these two Mayfair districts. Furthermore, the new Mayfair food hall from the people behind Mercato Metropolitano will open in the former St Marks Church just across the road. This will be a major draw to North Audley Street.TERMSThe premises will be available on standard Grosvenor terms. A 15-year Lease will be granted with five yearly rent reviews, outside the security of tenure provisions of the Landlord and Tenant Act 1954. The asking rent is £165,000 per annum exclusive.BUSINESS RATESWe understand that the rateable value is £100,000 and the current rates payable are approximately £52,400. You are advised to make your own enquiries with the local authorities.
Planning Usage: A3 Restaurants
The A3 planning consent carries the following conditions:
· A maximum of 110 customers are allowed into the property at any one time.
· The consent allows the premises to trade between the following hours: 07.30 to 00.00 Monday to Saturday and 07.30 to 22.30 on Sunday.
· Any bar and bar seating areas must not take up more than 15% of the floor area and the bar must serve restaurant customers only, before, during or after their meals.
A premises licence exists permitting the premises to trade between the hours of 10.00 to 23:30 Monday to Saturday and 12:30 to 23:00 Sunday.
The premises are arranged over ground and basement floors and is offered in shell specification with capped off services, immediately ready to take the tenants fit out. Full specification is available on request.
Approximate floor areas are as follows:
42 North Audley Street ,
To be provided in due course.