The Lady magazine’s owner, Ben Budworth has instructed Savills to market the publication’s Covent Garden offices for alternative use as restaurant space.
The iconic property, located at the junction of Bedford Street and Maiden Lane, extends to 5,000 sq ft across ground floor, first floor and basement. A pre-application for change of use to A3 (restaurant) has been submitted by the owner, with plans to apply for full planning consent once a restaurant operator has been secured.
Budworth commented, “After well over 125 years in our property, The Lady doesn’t need quite so much of this wonderful space any longer. We are therefore delighted to welcome a new tenant in. The building is so heavily steeped in history that it wouldn’t surprise me if the new tenant was still here in another 125 years!”
Tiffany Luckett, associate director in the Central London retail team at Savills, added, “This visually stunning property is right at the heart of Covent Garden in a sought after restaurant spot, a stone’s throw from the market and prime retail locations of Henrietta Street, James Street and King Street.
'With Covent Garden’s restaurant scene continuing to thrive, it is an ideal opportunity for a new or existing food and beverage brand to tap into this year round demand.”