21,000 SQ FT FORMER CASINO LEASE ASSIGNED TO UNIQUE LEISURE OCCUPIER

By Andrew Knights on 25/09/18


 THE GOLDEN NUGGET CASINO, 23-32 SHAFTESBURY AVENUE, LONDON W1

 

Golden-Nuggett

Long standing Client, London Clubs, closed the 21,000 sq ft historic casino, and instructed us to market the premises on the basis of an assignment of the existing lease. 

We faced many barriers to disposing, which included, the poor repair of the premises, the high passing rent, and an outstanding upward only rent review.

However, following the successful rent review negotiation, which led to a nil increase, we successfully negotiated the assignment of the lease to The Crystal Maze on mutually favourable terms.

 

Topics: News Article, Commercial Property, Lease Assignment, The Lorenz Consultancy, Agency Acquisition