The lease for nightclub and restaurant Number One Leicester Square has been sold to Interguide London for £1m.

The company, a subsidiary of Interguide Investment Holdings has bought the nightclub – currently known as Vertigo and is planning to expand the 7th floor restaurant’s menu and re-introduce a VIP members club.

Christie & Co put the lease up for sale after they were appointed by administrators Baker Tilly.

Mark Wilson, Partner at Baker Tilly, said: “To sell the business as a going concern is a very satisfying outcome. We are pleased to have worked on this prestigious venue and wish the new owners every possible success.”

The trouble venue, situated on the top three floors of the building in Leicester Square, was previously known as Home and The Penthouse before becoming Number One Leicester Square in 2006.

The former Penthouse nightclub at One Leicester Square is available to lease following the club going into administration.

Agent Christie & Co has been appointed by administrator Baker Tilly to sell the leasehold interest of Number One Leicester Square.

Located in the north western corner of the square, the venue comprises the top three floors and is currently licensed for approximately 770 people.