Rooftop Terrace Bar Opportunity in Shoreditch

Key Features

• 5 Floors in Situ
• Beautiful Fitted Out Bar
• Premises Licence till 2am
• 3 Minute Walk to Old Street Station
• Opportunity to Run Two Seperate Premises

Description

The premises are currently being fitted out and operating as a stunning bar/club arranged across 5 floors including a roof terrace, with offices and staff room. The ground floor is fitted with a bar and benefits from a separate entrance to the unit, therefore it has the opportunity to run as two separate premises/events if interested.

Available area

The accommodation comprises the following areas:

Location

The premises are located in a corner prime location, in the heart of Shoreditch. The popular destination promotes many bars and restaurants in the vicinity such as Honest Burgers, Wahaca, Bounce Old Street, Nightjar and Simmons to name a few. Old Street Station is a 3 minute walk away, with access to the Northern Line.

Tenure

A new lease is to be agreed, for a term of 15 years, granted Outside the security of tenure provisions of the Landlord & Tenant Act 1954

Rent

Current passing rent is £350,000 pax.

Premium

Offers in the region £250,000.

VAT

May be applicable to the rent and the premium.

Planning/Licence

The premises benefit from a historic nightclub with the use of an alcohol licence in place until 3 am, Monday to Saturday, with the exception of Sunday being till midnight.

Holding Deposit

A holding deposit will be required to secure the property and will grant a period of exclusivity which will be held in the CDG Leisure client account until completion.

Confidentiality

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