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Commercial
Type: For rent
Tenure : Leasehold
Class: A4 Drinking Establishments
Address: Old Street, London EC1V, UK
Categories:
Bar / Nightclub
Pub
Restaurant
Rent: £85,000
Min size: 4,000.00 sq ft

Location:

The premises are situated on the Eastern end of Old Street and within a few minutes walk from the ‘silicon roundabout’ and Old Street underground station. (Northern Line, Bank Branch) The location is extremely desirable to many operators as this area has become increasingly trendy and sought after to cater for the ever increasing Shoreditch crowds. Nearby operators include the Diner, Blues Kitchen, Byron, Rivington Grill Bar, The Hoxton Pony and the Bricklayers Arms, to name but a few.

 

Description:

The premises are fully fitted as a modern restaurant and bar which has been recently refurbished to a very high standard. The ground floor is laid out to accommodate 35 covers, with further seating for approximately 30 persons on the ‘wrap around’ mezzanine level. The basement has a large dance floor, with very good ceiling height, DJ booth, with a licensed capacity of 100 persons.

 

Floor Areas:

Ground: 159.8 m2 / 1,720 Sq Ft

Mezzanine 52.0 m2 / 560 Sq Ft

Basement: 159.8 m2 / 1,720 Sq Ft

Total: 371.6 m2 / 4,000 Sq Ft

 

Tenure:

We are offering an assignment of our clients Full Repairing and Insuring Lease for 15 years from July 2013, subject to yearly rent reviews .It is understood that the lease is granted inside the security of tenure provisions of The Landlord and Tenant Act 1954.

 

Passing Rent:

£85,000 per annum exclusive

 

Premium:

On application

 

License/Planning:

The premises benefit from A4 planning use and a premises license is in place allowing the sale of alcohol without the provision of food until 2am Thurs, Fri and Sat, 1am Mon – Weds and 11.30 on Sunday. Music and dance is permitted until 1am Mon – Weds , 3.30am Thurs – Sat and 1.30am Sunday

 

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 Salvatore Di Natale)

e: salvatore@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 - Old Street, London EC1V, UK

Listed on: 24 February 2015
£85,000 Per annum
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