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:
- The Hotel and Penthouse with Roof terrace trade as “Sonder” , excluded from the sale unless specifically
required
- 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
- 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