Fully Fitted Bar With Front Terrace and a 2am Licence - Would Suit Bar Operators or Restaurateurs as Extraction in Situ

Key Features

• Lease Over Whole Building
• Large Front Terrace
• 2am License
• Easily Converts to Restaurant
• Nominal Premium Offers Invited
• Fair Market Rent

Description

The premises are fully fitted as a bar laid out over ground floor and first floor. There is a kitchen on First Floor that still has extraction in place although would need tio be refit if a restaurateur wants to occupy. The bsement houses storage and customer toilets whilst the second floor is currently laid out as an office though could be converted into a flat and rented as is self contained.

There is a front terrace providing space for alfresco dining or drinking

Available area

The accommodation comprises the following areas:

Location

The premises are located in an excellent position on the High Street with other bars and restaurants in the immediate vicinity. The location is well served by all forms of public transport and would suit a variety of operators.

Tenure

An assignment of the existing full repairing and insuring lease granted for a term of 20 years from May 2021 subject to 5 yearly rent reviews.

Alternatively a purchase of the company holding the lease is possible.

Passing Rent

£90,000pax

Premises License

Allowing the sale of alcohol with or without food - Sun - Weds 23:00, Thurs 00:00, Fri and Sat 2am

Premium

Nominal offers invited to include the leasehold interest, premises license and fixtures and fitting, subject to Inventory

VAT

All figures quoted may be subject to VAT

Holding Deposit

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

Confidentiality

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