Investment sale of Carluccio’s, St John’s Wood
September 11, 2014
The freehold of 60 St John's Wood High Street, let to Carluccio's, has been sold by Coffer Corporate Leisure on behalf of a private consortium to Attleborough Estates Limited for £4.25m.
The 3,261 sq ft property comprises a restaurant arranged over basement, ground and part of the first floor let to Carluccio's for a further 15 years at a passing rent of £155,000 per annum, subject to a review in September 2014. The property also included four apartments over first to fourth floors. The striking corner terraced building is in a prominent location close to Regent's Park and Lord's Cricket Ground and surrounding by a large and affluent catchment.
Lawrence Telford, Director of Coffer Corporate Leisure said: "Leisure investments continue to be extremely popular with investors and we are currently completing a high volume of transactions. Properties like this, with a great tenant and in an excellent catchment, are particularly popular which is reflected in the interest we received and the price achieved.
Coffer Corporate Leisure acted for the vendor and Colliers International acted for Attleborough Estates.