39 Endell Street Covent Garden London WC2H 9BH

39 Endell Street
Covent Garden
London
WC2H 9BH

Central London Freehold Restaurant Investment

Located moments from Covent Garden in the heart of London's West End
Let to upmarket & renowned seafood restaurant t/a Parsons on ground and basement floors until July 2032 (No breaks)
Two residential apartments above let on long lease
Fashionable and desirable location close to Covent Garden Piazza & Covent Garden Station (300metres), The Royal Opera House & several theatre and retail & hospitality operators
VAT-free investment

Lot
5
Auction
15th May 2025
Rent
£55,000 per Annum Exclusive
Status
Sold
Price
£887,000
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Central London Freehold Restaurant Investment

Located moments from Covent Garden in the heart of London's West End
Let to upmarket & renowned seafood restaurant t/a Parsons on ground and basement floors until July 2032 (No breaks)
Two residential apartments above let on long lease
Fashionable and desirable location close to Covent Garden Piazza & Covent Garden Station (300metres), The Royal Opera House & several theatre and retail & hospitality operators
VAT-free investment

Lot 5
Auction 15th May 2025
Rent £55,000 per Annum Exclusive
Status Sold
Price £887,000
Sector
Restaurant, Leisure
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 250 metres north of Covent Garden, 450 metres north east of Leicester Square
Roads: A40, A400
Rail: Covent Garden (Piccadilly Line), Tottenham Court Road (Northern, Central and Elizabeth Lines), Leicester Square (Northern, Piccadilly Line)
Air: London Heathrow Airport

Situation

Endell Street is located in the heart of London's West End and Theatreland within close proximity to Covent Garden Piazza, Trafalgar Square and Leicester Square. The property is situated on the west side of Endell Street close to its junction with Short's Gardens and some 300 metres from Covent Garden Underground Station. The immediate vicinity is highly popular and fashionable with nearby occupiers including The Shaftesbury Theatre, The Royal Opera House, Top Secret Comedy Club and many desirable restaurants and bars.

Tenure

Freehold.

Location

Miles: 250 metres north of Covent Garden, 450 metres north east of Leicester Square
Roads: A40, A400
Rail: Covent Garden (Piccadilly Line), Tottenham Court Road (Northern, Central and Elizabeth Lines), Leicester Square (Northern, Piccadilly Line)
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property, which is not listed, comprises a restaurant arranged on the ground and basement floors, with two separately accessed flats on the upper three floors, let on a long lease. Externally, the property benefits from terraced seating to the front.

VAT

VAT is not applicable to this lot.

Note

As to the residential flats, the tenant has been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987. The tenant has not responded to the notice within the timeframe (or not at all). Therefore, the tenant is not able to exercise their rights of pre-emption on this sale.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Note

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground Basement	Restaurant Ancillary	35.30 61.97	(380) (667)	VERDELIN LIMITED t/a Parsons (1)	10 years from 08/07/2022	£55,000	08/07/2027
First Second/Third	Studio Flat 2 bed maisonette	-	-	ONE HOUSING GROUP LIMITED	150 years from 24/06/1988	Peppercorn	-
Total Approximate Commercial Floor Area		97.27	(1,047)			£55,000

(1) Parsons is a boutique seafood restaurant established in 2017. The tenant has occupied the premises since 2018 and no incentives or rent-free periods were conceded at the renewal in 2022. A £20,000 rent deposit is held by the landlord.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.