3am Bar/Nightclub in Crystal Palace

Key Features

• Bar and Nightclub in a Great Location
• Low Rent
• 3am Licence
• Excellent Fit Out
• 160 Capacity

Description

The premises are arranged as a bar on the ground floor with a basement nightclub below, fully kitted with DJ booth and seating around the dance floor, as well as VIP booths and tables. The premises have an overall capacity of 160, 80 on ground and 80 in the basement.

Available area

The accommodation comprises the following areas:

Location

The bar/club is located in a prime position on Westow Hill in Crystal Palace. Nearby occupiers include The Westow Tap, Spinach, Numidie, Westow House, FUKO, Palazzo and Escape Bar to name a few.

Tenure

Assignment of the existing lease expiring in 2034, held inside the act and subject to 5 yearly rent reviews.

Passing Rent

£45,000 per annum exclusive with an outstanding rent review.

Premium

Offers in the region of £125 for the lease, licence and fixtures, to be agreed.

VAT

VAT may be applicable to the rent, premium and any other figures quoted.

Planning/Licence

The premises benefit from Sui Generis planning use with a premises licence in place allowing the sale of alcohol until midnight Sunday to Wednesday, 1am Thursday and 3am Friday and Saturday.

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.

Holding Deposit

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