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%