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Commercial
Type: For rent
Tenure : Leasehold
Class: A4 Drinking Establishments
Address: Southwark Street, London SE1, UK
Categories:
Bar / Nightclub
Cafe
Pub
Restaurant
Rent: £72,000
Min size: 2,862.00 sq ft

Location:

The area boasts an abundance of tourists, residents & office workers. The premises are within close proximity to Borough Market, London’s most renowned, largest & oldest food markets. There is an abundance of both corporate, multiple & independent leisure operators located within the market and nearby new developments behind The Tate Modern. London Bridge station is within a 5 minute walking distance and benefits from numerous Bus, Ferry, Underground & Overground transport links.

 

Description:

The premises are fully fitted to a high specification trading over ground and basement levels with the added benefit of a large external seating area. The ground floor accommodates a large bar area, storage, car parking and restaurant trade area. The basement is styled as a cocktail lounge & bar benefitting from large booth seating areas, spirit store, beer cellars, ample storage and both male & female WC’s. The first floor (mezzanine level) accommodates the kitchen alongside a managers flat containing two double bedrooms & office. The premises also benefit from a dumbwaiter connecting all floors.

 

Floor Areas:

Ground: 93.88m2 / 1,010 Sq Ft

1st Floor: Management Flat & Kitchen Basement: 88.5m2 / 952 Sq Ft

Total: 182.38m2 / 1,962 Sq Ft

 

Tenure:

The premises are available by way of a new Full Repairing & Insuring Lease for a term of 15 years, subject to 5 yearly rent reviews. The lease is to be granted inside the security of tenure provisions of the Landlord and Tenant Act 1954 part 2 as amended.

 

Passing Rent:

£72,000 per annum exclusive

 

Premium:

Offers in the region of £400,000.

 

License/Planning:

The premises benefit from A4 use, with a licence to sell alcohol and the following opening hours: Sunday - Wednesday: 08:00 to 00:30 Thursday: 08:00 to 01:30 Friday & Saturday: 08:00 to 03:30

 

Confidentiality:

This sale is highly confidential and under no circumstances should a direct approach be made to staff as they unaware of an impending sale.

 

Holding Deposit:

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

 

Viewings:

Through the vendors agent:

CDG Leisure (Attention of Charles Cohen)

e: charles@cdgleisure.com

a: 17 Cavendish Square, London W1G 0PH

t: 020 7100 5520

f: 020 7100 5530

www.cdgleisure.com


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Bar / Nightclub for rent - Southwark Street, London SE1, UK

Listed on: 24 February 2015
£72,000 Per annum
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