Chapel Market Bar

Key Features

• 3am Licence
• Chapel Market Bar
• Low Premium

Description

The premises have recently had a refurb the bar trades over ground floor and basement benefiting from a prominent corner position. The ground floor space accommodates approximately 20 covers with a bar. The basement has a bar with a DJ booth, for approximately 70 people. On the first floor there are customer toilets and storage. The 2nd and 3rd floor house office space.

Available area

The accommodation comprises the following areas:

Location

This premises are located on Chapel Market situated off Liverpool Road which adjoins with Upper Street. Chapel Market is a prime dining, drinking and shopping destination for both affluent residents and local workers. Nearby occupiers include McDonalds, Hot Stone, Mercer and Co, Little Viet Kitchen to name but a few.

Tenure

An assignment of a Full Repairing and Insuring lease granted for a term of 30 years from 2nd September 2005 subject to 5 yearly rent reviews. It is understood that the lease is granted inside the security of tenure provisions of The Landlord and Tenant Act 1954, part two as amended.

Rent

£66,192 per annum - with rental income from the uppers of £24,000 per annum

Premium

Offers in region of £50,000

Licence

The premises benefits from E class with a premises license in place. To supply with or without a table provision at the following hours: Monday – Saturday 10:00am –3:00am Sunday 12:00pm – 1:00am

Confidentiality

This letting is highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of the 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.