Polka Bar, 58-59 Poland Street, London, W1F 7NR
AG&G are pleased to announce that they have agreed the freehold sale of 58-59 Poland Street, London, W1F to Enstar Capital for £1,575,000. AG&G acted for the freeholder, LV = Asset Management.
The property comprised a bar and premises at ground, basement and first floor with a total area of approximately 4980 sq ft. There is in addition an apartment at 2nd, 3rd and 4th floor let on a 999 year lease from 25December 1997 at a peppercorn.
Anthony Alder of AG&G comments:-
“there remains a shortage of good quality freehold product in Central London and there was very strong levels of interest for this opportunity. A competitive bidding situation arose and the outcome exceeded our clients expectations”.