The freehold Interest of 13 Beauchamp Place in London’s Knightsbridge, which was the home of upscale Mediterranean restaurant Galoupet, has been sold to a high-net worth individual for £3.6m It is believed that the premises, which closed last December, will no longer trade as a restaurant but will be converted to a high end women’s clothing boutique. Based on the current estimated rental value being £150,000 PAX, this equates to a net initial yield of 4.2% exclusive of associated purchasers costs. Dean Gambles of Coleman Dean, who acted for the landlord, said: “We were inundated with enquiries on this property demonstrating that the demand for freehold premises in Knightsbridge currently remains very strong.” CWM acted for the buyer.