Corner Bar and Restaurant Opportunity in Camden

Key Features

• Premises Licence till 2am
• Fully Fitted Kitchen with Extraction
• Beautifully Fitted Out Bar with an All Season Terrace Bar
• Lease Expiring in 2038
• Priced for a quick sale

Description

The premises are fully fitted out as a bar and restaurant, with a karaoke lounge and an all season terrace. The ground floor features a vibrant bar, with seating areas that extend into the basement. The first floor and terrace are arranged as a restaurant and bar space to accommodate approximately 52 covers. The There is a fully kitchen is in the basement and second floor is staff rooms, storage and a walk-in fridge.

Available area

The accommodation comprises the following areas:

Location

The property is located in the heart of Camden, close to many food and beverage operators, such as Nando's, The Cheese Bar, The Camden Assembly Pub, Epicurus, Meat the Vegans and Basta to name a few. The nearest tube station is Chalk Farm Underground station, with access to the Northern Line.

Tenure

An assignment of an existing lease which expires on 4th March 2039, with 5 yearly rent reviews. The lease is granted Inside the Landlord and Tenant act 1954.

Passing Rent

The passing rent is £60,000 till 2026, £62,500 till 2027 and £65,000 till 2029.

Premium

Offers in the region of a £50,000 for the leasehold interest, valuable licence, fixtures and fittings.

VAT

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

Planning/Licensing

The premises has a licence to sell alcohol without the provision of food at the following times: 11 am to 12 am, Sunday to Wednesday and 11 am to 2 am, Thursday to Saturday.

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.