Tempo in London's Mayfair to become Georgian restaurant after sale

01 July 2013 by
Tempo in London's Mayfair to become Georgian restaurant after sale

Tempo restaurant and bar in London's Curzon Street has been sold to a Georgian investor who plans to turn it into a Georgian restaurant.

The investor paid a substantial premium to acquire the 20-year lease which runs from January 2005.

The rent is £90,000 per year for the 60-cover restaurant and 25-cover bar.

Tempo consists of 787 sq ft on the ground floor, 799 sq ft on the first floor and a 1,001 sq ft basement.

The owner of Tempo, entrepreneur Henry Togna first entered the hospitality industry in 1990 when he transformed 22 Jermyn Street into a luxury townhouse hotel. Togna acquired Tempo in 2010.

Alex Hill of The Leisure Partnership who advised the investor said: "There is currently huge international demand for prime central London restaurant sites
and such limited stock, that competition is currently very fierce to acquire the best locations."

David Rawlinson agency director of Restaurant Property also provided advice on the transaction. Richard Chaplin of Noble Harris advised Tempo.

Tempo - Menuwatch >>

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