The company is expected to develop a 120-cover operation, replacing the former Pekinese dim sum restaurant Princess Garden. The venue has a large ground floor area, a raised ground section, and a 1,833 sq ft basement. Rent is at £325,000 per year, alongside an undisclosed seven-figure premium.
More information has yet to be disclosed.
The sale was brokered by Restaurant Property, which also dealt with Caprice Holdings’ most recent opening, Sexy Fish, also in Mayfair. CBRE acted for Caprice Holdings.
David Rawlinson, founder and agency director at Restaurant Property, said: "Sites of this calibre with great prominence don't come often on to the market in Mayfair and we had a highly competitive situation on our hands despite the short lease length."
Caprice Holdings operates some of London's most high-profile sites, including La Caprice, J. Sheekey, The Ivy, and Scott's.