Former Sound Nightclub at Leicester Square for Sale
June 29, 2012
Criterion Capital has appointed Davis Coffer Lyons to seek a new operator for the 10,000 sq ft Sound nightclub at 1 Leicester Square.
The 1,000-capacity venue, which has a 3am licence, is being offered on a new lease 25 year lease at nil premium.
The move comes after Leicester Square underwent a £15.3m revamp to regenerate the area.
Jonathan Moradoff, associate director at Davis Coffer Lyons, said: This is an exceptional opportunity for a flagship site for a new overseas operator looking to make its London debut, or an established market player looking for a prominent central London base. Its unrivalled positioning benefits from the highest daily footfall in Europe with up to 80,000 people every day, 35 million per year.
Davis Coffer Lyons is already marketing the ground, first and second floors of the building at 1 Leicester Square, which was formerly retail and the MTV studios, but has now got A3 planning for restaurant use.