Waxing lyrical in Soho
In the heart of the West End, Waxy O’Connor’s in Soho’s Rupert Street is London’s flagship Irish pub and one of the largest Irish-themed outlets in the city. It’s a complex of four bars over six levels, each with a distinct personality – and Glendola Leisure, who’ve operated it since 1997, have just renewed the lease with the help of licensed leisure specialists AG&G.
“It’s a hugely successful and established business covering a lot of space in an expensive area. It is also a business with a huge amount of goodwill and has high overheads, so the rent has to be affordable. At the same time, the West End of London is experiencing huge demand for sites, with rental levels being buoyed by demand from international restaurant and bar operators. Despite evidence immediately across the road on a similar sized basement unit at almost £60 per sq ft, I was delighted to secure a rent at less than £40 per sq ft on Waxy’s. This will help to maintain the long-term viability of this great business,” says AG&G director Anthony Alder.