Fully Fitted Restaurant/Bar in Hackney

Key Features

• Midnight Licence
• Fully Fitted with Kitchen
• Lease held Inside the Act
• Outdoor Seating
• Good Nearby Operators
• Great Transport Links

Description

The premises are currently fitted out as a bar with 65 covers on the ground floor plus a bar & small kitchen. There is a terrace to the side providing space for a further 40 covers of outside seating. The 1st floor is currently rented out for £12,000 p.a until June 2025.

Available area

The accommodation comprises the following areas:

Location

The property is located on Mare Street in the heart of Hackney. Nearby operators include Mcdonalds, Perfect Chicken, Brew Club & Black Sheep Coffee to name a few. Hackney Central and Homerton overground stations are both a short walk away.

Tenure

An assignment of the existing lease expiring in June 2035, subject to 5 yearly rent reviews. The lease is drawn inside the security of tenure provisions of the Landlord and Tenant Act.

Passing Rent

£62,000 p.a for the whole building, the 1st floor is currently rented out for £12,000 p.a until June 2025.

VAT

All prices quoted may be subject to VAT if applicable.

Premium

Offers in the region of £85,000.

License / Planning

The premises benefit from Sui Generis planning use, with a premises license which allows for sale of alcohol within the following days & hours.
Monday – Sat 10:00 – 00:00 Sunday 12:00 – 23:30

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.