Investment Properties: Pizza Express, 9 Dean Street Soho, London, W1D


Pizza Express, 9 Dean Street Soho, London, W1D

OIEO £5,000,000 subject to contract- Freehold

  • Prime location in Soho, Central London within 100m of both Oxford Street and Soho Square.
  • Situated immediately adjacent to Dean Street entrance for Tottenham Court Road Crossrail station.
  • World famous restaurant with basement jazz club and offices totalling 2,647 sq ft.
  • Interlinks with neighbouring property (also occupied by Pizza Express).
  • Rare Freehold.
  • Low passing rent of £157,500 pa.
  • Let to Pizza Express (Restaurants) Ltd for 25 years from 21 Dec 1995 (3.2 yrs unexpired).
  • Potential to renew the lease and increase the rents.
  • ERV in excess of £180,000 pa.
  • Potential to extend the second and third floors.
  • Offers are invited in excess of £5,000,000 (Five Million Pounds).
  • This reflects a Net Initial Yield of 2.96% and a Net Reversionary Yield of 3.38%