New Greek Operator for Notting Hill
April 11, 2012
Davis Coffer Lyons has secured a new deal at 12-14 Hillgate Street in Notting Hill, to Greek restaurant partnership with Ergon a Greek fine food producer.
Ergon has taken a new lease for a 15 year term at the ground floor and basement property, formerly home to Costas Grill. A premium was secured at the site at a rent of £90,000 per annum exclusive. The 2,831 sq ft A3 property is located close to Notting Hill Gate tube station and the famous Portobello Road market. Nearby operators include Le Pain Quotidien, Caffe Nero, Feng Sushi and Pret a Manger.
Rob Meadows, Davis Coffer Lyons, said, This is an affluent and popular area close to the Coronet Cinema and the fashionable shops of Notting Hill, however certain operators have found the environment in Notting Hill challenging, however well sourced tenants with robust business plans can make a real success of the affluence and volume of visitors to the area. We are working with landlords in the locale to realise this potential which ties in with the wider area as a leisure destination and in time increase the level of vitality here through better quality restaurant, bar and pub tenants.
Davis Coffer Lyons has also recently secured a deal at the former Fat Badger pub on Londons Portobello Road, to Soho House Group for the expansion of its pizzeria offering, Pizza East.