London - Dean Street - Retail Investment property for sale

Price on application ACQUIRED

This commercial property in London was acquired by Athena Advisers on behalf of a Brazilian investor who wanted to purchase a prime retail asset in one of London’s tourism, cultural and business centres.
 
The restaurant, pre-let to Wagamama for 25 years with an annual rent of £600,000 per annum, enjoys a prominent position in the heart of busy Soho. Less than 150m from the Elizabeth Line of the new Crossrail service the unit is situated on lively Dean Street.
 
We secured a new 999-year lease with negligible ground rent. The property is part of a new-build construction, also including residential elements, which was completed in September 2016.
 
Offering 5,457 sq ft (507 sqm) of A3 restaurant space arranged over lower ground and ground floors, the property on Dean Street will become Wagamama’s flagship UK restaurant. As well as becoming a significant new destination for the area, the property also received many plaudits due to it’s refit using the new Wagamama’s concept style, replicating that of their flagship New York branch on Madison Avenue.
 
The property was purchased for £14.5m in November 2017.

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About London

About London

​One of the world’s most dynamic capitals, London carries serious gravitas - a global leader politically, economically and culturally. A bastion of history and emerging trends, its cultural institutions and leading educational colleges, from the Tate Modern to Kings College, attract visitors and foreign students from across the world. Travel the globe and tell people you live in London, and most likely they’ll share a life long dream to live there too. The breeding ground for so many fantastic musicians, artists, writers, free-thinkers and fashion icons, there’s something about its iconic culture that makes it seriously aspirational. From the Beatles to the Rolling Stones, David Hockney to Alexander McQueen, it is associated with freedom of thought and cultural expression. This has inspired foreign residents from across the world to choose London as their home, defining the city by the endless array of languages you hear on the street and the diversity of its dynamic food scene. While in recent decades, London may have thrived as a global leader for finance, start-ups and tech innovators, it’s this cultural openness that helps make the city so treasured and unique.

Finance

These deals have been sourced by French Private Finance, the UK's leading France only mortgage broker.


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  • London - Dean Street - Retail Investment
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