Fully Fitted 3am Late Night Bar and Live Music Venue

Key Features

• Fully Fitted to High Standard
• 3am Alcohol Licence
• 500 Capacity
• Large Front Outside Terrace
• Highly Sought After Location

Description

The premises are currently fitted out as a bar/restaurant and live music venue. Capacities are 100 seated or 300 standing on the ground floor, and 70 seated or 200 standing in the basement. There is also a large outside seating area.

Available area

The accommodation comprises the following areas:

Location

The property is located in the heart of Shoreditch with high footfall every day of the week. It is close to many independent and national operators and is a short walk away from Old Street underground station.

Tenure

The premises are held by way of an existing 10 year lease expiring in November 2028 subject to 5 yearly rent reviews, and is granted inside the security of the Landlord & Tenant Act 1954. There is an option to extend the lease for a further 10 years on expiry.

Passing Rent

£200,000 per annum exclusive.

Premium

Upon application.

VAT

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

Planning/Licence

The premises benefit from E Class use, with a premises licence to serve alcohol with or without food with the following times:
Sunday to Thursday until 1am. Friday and Saturday until 3am.

Holding Deposit

A holding deposit will be required to secure the property, will grant 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 a direct approach be made to staff as they are unaware of an impending sale.