Opportunity to take over the lease for an iconic Italian restaurant on the Crystal Palace Triangle
Specialist business property adviser, Christie & Co is delighted to present a rare opportunity to acquire the lease for Lorenzo of Crystal Palace, a popular Italian restaurant on the Crystal Palace Triangle.
Standing proudly since 1985, this iconic restaurant is situated on Westow Hill, one of the three roads that forms the 'Crystal Palace Triangle', at one of the highest points in central London. The triangle is the hub of the community formed by the one-way system of Church Road, Westow Hill and Westow Street and is lined with pubs, restaurants and independent shops.
The business is currently operated by the freehold owner of the property who's only reason for leaving is retirement. They now seek an experienced operator with a strong understanding of the local area to take over the lease.
David Wilson of Pubs & Restaurants at Christie & Co, who is handling the letting comments, “We’re thrilled to bring to market a new lease on this iconic Italian restaurant. This is a rare opportunity to acquire a lease on a five storey property, featuring the ground floor restaurant with an open kitchen, a basement restaurant with bar servery, a first floor Capri with bar and rooftop terrace and two-bedroom domestic accommodation set over the top two floors. The restaurant has built a large local following over the past 38 years, and is much loved by the local community.
“The successful and established business occupies an optimum position on the bustling high street, with the property capable of operating under a branded chain or as an independent operation. There is further opportunity to attract day time customers by opening earlier, permitted within the license. A commercially focussed operator could drive function room activity in the basement and first floor bars to attract the large local community surrounding the property.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
David Wilson, Associate Director – Pubs & Restaurants
P: +44 (0) 7764 241 364
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