Fully Fitted Bar in Clapham

Key Features

• Alcohol Licence till 2am
• Low Passing Rent
• Fully Fitted to a Very Good Standard
• Live Music Licence
• Inside the 1954 act Lease

Description

The premises are arranged over two floors and benefit from a flexible layout, including a private bar area. The total capacity is approximately 120 persons.

Available area

The accommodation comprises the following areas:

Location

The property is prominently located on Battersea Rise, a vibrant and affluent Southwest London neighbourhood. It sits just a 5 minute walk from Clapham Junction station, with Wandsworth Town and Clapham Common stations also within walking distance. The area benefits from strong footfall and a vibrant mix of independent and national operators.

Tenure

An assignment of the existing 15 year lease expiring in November 2030, subject to 5 yearly rent reviews. The lease is believed to be granted inside the security of tenure provisions of the Landlord & Tenant Act 1954.

Passing Rent

The current passing rent is £48,000 per annum exclusive.

Premium

Offers in the region of £30,000.

Planning/Licencing

The premises benefit from E Class use, with a premises licence to serve alcohol without the provision of food with the following times: Sunday to Thursday from 10am to 12pm, Friday and Saturday from 10am to 2am. The premises also benefit from a provision for live music and entertainment with the same hours.

VAT

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

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.