Fully Fitted Bar Facing Islington Green

Key Features

• Late Night Licence till 4:30am
• Prime Location on Upper Street
• 5 Minute Walk from Angel Station
• Prime F&B Pitch
• Inside the Act

Description

The premises are located on the ground floor and basement levels. The bar is fitted to a good standard. There is a kitchen with capped off extraction that would need to be reinstated to trade it as a restaurant. In the basement there is a bar with ample seating, space for storage, customer toilets as well as an office.

Available area

The accommodation comprises the following areas:

Location

Positioned in a prominent location on Upper Street in the vibrant area of Islington with high foot traffic, it is just a 5-minute walk from Angel Tube Station. Surrounded by a mix of shops, restaurants, and entertainment venues, the bar enjoys excellent visibility and accessibility. Nearby food and beverage operators include Five guys, Wahaca and Franco Manca to name a few.

Tenure

An assignment of the existing lease dated from 30th September 2013 for a term of 20 years (expiring in 2033), subject to 5 yearly rent reviews. It is understood the lease is held inside the L&T Act.

Passing Rent

£71,750 per annum.

Premium

Seeking offers in region of £180,000.

VAT

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

Planning Use/Premises Licence

The premises benefit from E class planning use class, with a premise licence allowing the sale of alcohol until 2:30am Sunday through Thursday and 4:30am Friday and Saturday.

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.