May 24, 2006
Atisreal and King Sturge, on behalf of the long leaseholders, have let a unit within the Royal Opera Arcade, London SW1, to Caviar House.
This will be Caviar House’s second standalone store in the UK (excluding its London airport units) and will complement its existing shop and restaurant at 161 Piccadilly.
Caviar House has taken a new five-year lease on the unit at an annual rent stepped from £12,000 to £20,000 in year five. It will occupy a unit totalling 756 sq ft on four floors.
Beth Struthers of Atisreal says: “This letting represents renewed interest in the Royal Opera Arcade, which occupies a prominent position between Lower Regent Street and Haymarket in the West End. We are talking to an international retailer interested in one of the two larger units in the arcade and are relocating an existing tenant to the other.”
The Royal Opera Arcade, which totals 11,138 sq ft, was the first shopping arcade to open in London in 1817.
Caviar House was represented by The Marquee Club.
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