Mexican restaurant group Lupita has closed its two remaining sites, months after an attempt to buy the business out of administration, MCA understands.

The site on 60-62 commercial street, near Spitalfields market, is being marketed by Raven Rose property as a fully fitted restaurant and bar for rent of £125,000 pax.

It includes a 1,610sq ft ground floor restaurant, and a 1,560sq ft basement bar, and is believed to have closed late last year.

The other remaining site on Kensington High Street also closed in recent weeks.

Last year, Lupita managing director Gomez de Orozco was due to acquire the two restaurant sites and brand out of administration for £60,000

However as of late last year the sale had not completed, due to problems in securing formal occupancy rights of the Commercial Street location.

A progress report from administrators said an agreement had been reached with the landlord, alongside a new completion date, though it is not clear if this went ahead.

A third site, in Villiers Street, closed with the lease surrendered back to the landlord as part of the administration process.

Lupita, which was founded by Rafael Mondragon in 2010, was placed on the market in 2017 through Christie & Co with a guide price of £1.8m.

Topics