Kings Cross, London, N1

  • Bar / Restaurant
  • 1,446 sq ft
  • Lease Assignment
Kings Cross, London, Bar / Restaurant Lease Assignment - shots.jpg
Property Type Bar / Restaurant
Tenure Lease Assignment
Size 1,446 sq ft
Energy Performance Rating Upon enquiry

Prime Kings Cross Restaurant & Cocktail Bar

Key Features

  • Prime Kings Cross Location
  • Fully Fitted to High Standard
  • Cafe with Bar Licence
  • Close to Kings Cross Station
  • Long Lease
  • Excellent Transport Links

Description

The premises are fully fitted as a ground floor restaurant with a cocktail bar in the basement and additional first floor accommodation.

Available area

The accommodation comprises the following areas:

Name Sq ft Sq m
Ground 731 67.91
Basement 452 41.99
1st 263 24.43
Total 1,446 134.33

Location

The unit is situated on a very busy road close to King's Cross Station, with heavy footfall every day of the week, day and night. Transport links are excellent and there are many national and independent operators nearby.

Tenure

An assignment of our client's full repairing and insuring 15 year lease from July 2022, subject to 5 yearly rent reviews. It is understood that the lease is granted outside the security of tenure provisions of the Landlord and Tenant act 1954, Part 2 as amended.

Passing Rent

£62,500 per annum exclusive.

Premium

On Application.

VAT

May be applicable to the premium and rent.

Planning/Licensing

The premises benefit from E Class planning use with a premises licence in place to serve alcohol WITHOUT the provision of food with the following hours:
Sunday to Thursday until 11pm
Friday and Saturday until Midnight
No vertical drinking in the premises at any time. Alcohol sales only to be permitted to seated customers at the bar or at tables.

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; the deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.