Prime Soho 3am Basement Bar with SEV Licence

Key Features

• Low Passing Rent
• Prime Location in Soho
• 3am Alcohol and SEV licence
• First Time on the Market in over 50 years
• Inside the Act Lease

Description

The premises are fitted out as a basement cocktail bar with a DJ booth to a good standard. The capacity is 50 persons and has a rare and very valuable SEV licence until 3am from Monday to Saturday. The premises has been trading in Soho for obver 50 years, so therefore has a substantial amount of goodwill attached.

Available area

The accommodation comprises the following areas:

Location

Located in the heart of Soho close to a multitude of retail, restaurant and bar operators, in a very high footfall area. Transport links are excellent with Tottenham Court and Piccadilly Circus tube stations being just a short walk away,

Tenure

An assignment of the two co-terminus leases which expire in approx. 9 years, subject to 5 yearly rent reviews. The leases are both granted inside the security of tenure provisions of the Landlord & Tenant Act 1954.

Rent

£60,000 per annum exclusive.

Planning/Licencing

The premises benefit from Sui Generis use and has a premises licence in place to allow the sale of alcohol without food untl 3am every day of the week except Sunday. There is also a valuable SEV licence with the same terminal hours.

Premium

On Application.

VAT

May be applicaple to the rent and premium.

Holding Deposit

A holding deposit will be required to secure the property, the deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.

Confidentiality

This sale is highly confidential and under no circumstances should be a direct approach be made to staff as they are unaware of an impending sale.