West End Bar Opportunity

Key Features

• Low Rent
• Premises Licence till 1:30am
• Ground Floor and Basement
• Situated Just off Oxford Street
• Lease Expiring in December 2033
• Fully Fitted Out

Description

The premises are currently fitted out to a very good standard and operate as a cocktail bar/music venue/nightclub over the grouind floor and basement. The ground floor is fitted with a bar with a seating area and the basement houses a spacious dance floor with a seperate DJ booth.

Available area

The accommodation comprises the following areas:

Location

The premises are located in the heart of the West End, benefiting from many food and beverage operators nearby, and also from being a stone's throw away from the hustle & bustle of Oxford Street. Transport links are excellent with Tottenham Court Road Station being moments away, with access to the Central, Northern and Elizabeth Lines.

Tenure

An assignment of an existing FRI lease which expires in 19th December 2033, subject to 5 yearly rent reviews. The lease is granted Outside the Landlord and Tenant act 1954, part 2 as amended.

Passing Rent

£66,000 per annum exclusive.

Premium

On Application.

VAT

VAT may be applicable to the rent, premium and other outgoings.

Planning/Licensing

The premises benefit from sui generis planning use, with a premises licence allowing the sale of alcohol without the provision of food from Sunday to Wednesday till midnight, and Thursday to Saturday until 1:30 a.m.

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.