Description: nine self-contained apartments in addition to benefiting from a dominant restaurant location in the heart of prime central London. The restaurant is currently leased to Prezzo on a twenty-five-year term where there are eleven years remaining. The 25-year lease is currently set at £74,000 p/a however new terms are currently being negotiated to fall in line with similar-sized assets at around £120,000 p/a. The property we understand underwent a complete refurbishment programme in the past 7 years which now benefits from full air conditioning, fully fitted bathrooms, and kitchens as well as being mostly double and secondary glazed. There are many original and prominent features within the property which include the original main and old service staircase, ornate coving and fireplaces and intricate plastered ceilings. The restaurant with the basement is well known and a popular location for Italian cuisine within the area and guests from the nearby hotels of The Hilton and Dorchester. Green Park is within a short walk as is its tube station and close proximity to Piccadilly and Mayfair shopping. The property is being sold as an asset and not a going concern therefore there is no financial information available to any investor considering this property. The property has enjoyed an 85% occupancy based upon a normal let between one to three weeks.
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