Investment Opportunity Situated In The Heart Of Marylebone Village

Summary

• Rare opportunity to acquire a prime freehold in the heart of Marylebone, W1.
• Situated in a prime position on Paddington Street, just off Marylebone High Street.
• Restaurant investment opportunity extensively refurbished to a high-end specification.
• The property consists of a net internal area of 5,577 sq. ft (524 sq. m).
• Let to Great Restaurant Project Limited (t/a Lita Bistro) for a term of 20 years from 1st September 2022 (18.5 years remaining). Let on full FRI terms at £275,000 per annum, with 5 yearly upward only rent reviews (next rent review 29th September 2027).
• The residential upper parts are sold off, producing an income of £2,850 per annum.
• Total income of £277,850 per annum.
• Freehold.