Property Type | Nightclub / Restaurant |
Tenure | Lease Assignment |
Size | 5,500 sq ft |
Rent | £220,000 per annum |
Business Rates | Upon Enquiry |
Energy Performance Rating | Upon enquiry |
The premises are fully fitted to a very high standard over ground and basement. The Ground floor trades as an open plan bar, with a DJ booth, to accommodate approximately 300 people, with a fully fitted kitchen to the rear. The lower ground floor is fully fitted as a high end 250 capacity nightclub with its own ground floor entrance.
The accommodation comprises the following areas:
Name | sq ft | sq m |
---|---|---|
Ground | 3,500 | 325.16 |
Basement | 2,000 | 185.81 |
Total | 5,500 | 510.97 |
The premises are located in the sought after area of Shoreditch that a popular destination for restaurants, bars and late night premises. The building is on a corner benefitting from a good return frontage and excellent visibility. There are a plethora of other restaurants and bars in the locality.
The existing lease is granted for a term of 20 years from 18 February 2022 subject to 5 yearly rent reviews. The lease is granted inside the security of tenure provisions of The Landlord and Tenant Act 1954
£220,000pax rising in February 2025 to £250,000pax. Next rent review date is Feb 2027
Upon Application
All prices quoted may be subject to VAT if applicable
The premises benefit from E class Planning - There is a licence in place allowing the sale of alcohol until 1am Mon – Weds and 1.45am Thurs – Sat.
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
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