Hugely desirable Old Compton Street Restaurant sold in off market transaction

19th August, 2025

Hugely desirable fully fitted restaurant lease sold for an undisclosed premium in an off market transaction. MKR Property acted on behalf of Neat Burger. 

Propel News Briefing:  Bleecker set to open in London’s Soho: Bleecker, the burger concept founded by Zan Kaufman in 2012, is set to further increase its presence in Central London with an opening in Soho. Propelunderstands that the seven-strong business, which earlier this month opened its largest site to date in Baker Street, is set to acquire the former Neat site in Old Compton Street. Bleecker also opened a site in Kerb’s Seven Dials market earlier this year. The move into the 28-cover Baker Street site saw the group take out a loan to support expansion for the first time in its history. Last year, as revealed by Propel, Bleecker opened its first outlet since the covid pandemic, and first in five years – a 1,130 square-foot site at 104 Tooley Street, London Bridge. Bleecker, which also operates sites in Spitalfields, Victoria and Bloomberg Arcade, is named after the street in New York that connects the East Village to West Village. Propel reported earlier this week that the Lewis Hamilton and Leonardo DiCaprio-backed plant-based brand Neat Burger had closed its two remaining UK sites, at Camden Lock Market and Boxpark Wembley. The vegan food brand, founded in 2019, grew to as many as eight UK locations but started to consolidate its estate in November 2023.

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