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Costa Coffee Investment, London, W2

The building is located on Edgware Road, being a short walk from Edgware Road Station and opposite The Hilton Metropole Hotel

Freehold For Sale

Status: Available

Added on 21/02/2020 by Peter Polledri

Location

246 - 254 Edgware Road
W2

Information

Price

Freehold Price: Offers In Excess Of £2,750,000

Details

FREEHOLD INVESTMENT OPPORTUNITY

Trading as COSTA COFFEE

246 and 254 EDGWARE ROAD, LONDON W2

 

Location:

The building is located on Edgware Road, being a short walk from Edgware Road Station and opposite The Hilton Metropole Hotel

Description: 

The building comprises a 45-bedroom hotel, a Penthouse Apartment with Roof Terrace, a branch of Costa Coffee and separate self- contained offices

Accommodation: 

  1. The Hotel and Penthouse with Roof terrace trade as “Sonder” , excluded from the sale unless specifically 

required 

  1. An operational Costa Coffee, which will be subject to a new 15 Lease at a commencing rent of £125,000 per annum exclusive. The Lease will be effectively FRI with five yearly rent reviews
  2. Lower Ground Floor Self-contained Offices which will be excluded from the sale unless specifically required 

Tenancy

The Costa Coffee will be operated under Franchise by Costa Catering Ltd, by way of a new 15-year FRI Lease, subject to five yearly rent reviews, at a commencing rent of £125,000 per annum exclusive

Terms:

The Freehold interest is available, subject to a 999-year Lease on the Hotel and/or Offices (unless specifically required) 

Price: 

Offers are sought in excess of £2.75m for the Freehold interest, subject to the anticipated Lease back on the Hotel and Office elements