Levy Real Estate is pleased to confirm the successful acquisition of a prominent restaurant unit on Great Newport Street, in close proximity to Leicester Square, on behalf of an overseas investor. The transaction was completed for just under £6 million. The property is currently let to P.F. Chang’s, with approximately eight years remaining on the lease, generating an annual rental income of £405,000. The acquisition was secured at a Net Initial Yield of around 6.00%, representing a strong investment opportunity in the heart of London.
This latest deal highlights Levy Real Estate’s expertise in identifying and securing high-quality investment assets in key central London locations.
For more information, or to discuss similar opportunities, please contact Dan Drury MRICS at dan.drury@levyrealestate.co.uk.