10 May 2016

Exmouth Market Continues to Shine

AG&G are delighted to have concluded the lease assignment acting on behalf of the administrator on the former Tommy’s Pork Store, Exmouth Market, London.  Exmouth Market has always been a popular destination for restaurateurs and the lease was assigned to Berber and Q for a premium exceeding the premium quoted of £150,000. 

The unit was sold as seen with the benefit of many of the fixtures and fittings on site.  The unit was let for a term of 15 years commencing 2013 at a passing rent of £50,000 per annum.  It provides almost 1,500 sq ft over three floors.

Anthony Alder, the selling agent, comments:-

“Exmouth Market remains as popular as ever and continues to attract operators, located as it is equidistant between the City, West End and Islington.  The strong levels of demand we saw for this unit reflect the scarcity of supply within London for smaller start-up embryonic operators”.

For further information, contact Anthony Alder on 020 7836 7826 or e-mail Anthony.Alder@agg.uk.com

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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