Character Southwark Restaurant And Bar With Late Licence For Sale

Southwark, London, UK

Asking Price:: £337,500 per annum Furniture / Fixtures included

Turnover:: Undisclosed

Net Profit:: Undisclosed

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This substantial restaurant and bar opportunity presents an attractive proposition for experienced hospitality operators, restaurant groups and leisure businesses seeking a distinctive venue in Southwark, Central London. Situated on Great Suffolk Street, the property offers approximately 11,000 sq. ft. of fully fitted accommodation within a characterful building.

The premises benefit from impressive ceiling heights of approximately four metres across the ground and basement floors, creating a distinctive setting for restaurant and bar operations. An existing premises licence permitting trading until 2am on Fridays and Saturdays adds further appeal for operators seeking a substantial licensed hospitality venue.

Currently temporarily closed, the property offers an incoming operator the opportunity to establish or relaunch a hospitality concept within an existing fitted environment. Held under two leases expiring in 2035, with the possibility of splitting the accommodation being considered, the opportunity may appeal to both established operators and businesses seeking flexible premises in Southwark.

Approximately 11,000 sq. ft. of restaurant and bar accommodation.
Ground-floor area extending to approximately 3,000 sq. ft.
Character property with impressive four-metre ceiling heights on the ground and basement floors.
Existing premises licence permitting trading until 2am on Fridays and Saturdays.
Fully fitted premises, currently temporarily closed.
Two co-terminous leases expiring in 2035, with splitting potentially considered.

Status of Business:

Property Information

Property:: Leasehold

Leasehold Type:: New

Lease Terms:

The premises are held under two co-terminous leases, both expiring in 2035.

The combined annual rent is £337,500.

Splitting the accommodation may be considered, although no separate rental arrangements or terms have been confirmed.

Leasehold Rent:: £337,500 per annum

Location:

The property is situated on Great Suffolk Street in Southwark, Central London.

Its location provides an opportunity for a hospitality operator seeking premises within an established London commercial district.

The character of the building and substantial accommodation may appeal to businesses looking to create a distinctive restaurant and bar destination.

Premises Details:: The property comprises approximately 11,000 Sq. Ft. of fully fitted restaurant and bar accommodation.The ground floor extends to approximately 3,000 Sq. Ft., with further accommodation including basement space.A notable feature is the approximately four-metre ceiling height on both the ground and basement floors, providing a spacious interior environment.The premises have been fitted for restaurant and bar use and are currently temporarily closed.An existing premises licence permits trading until 2am on Fridays and Saturdays. Further licensing conditions have not been provided.

Size in square feet:: Approximately 11,000 sq. ft. in total

Business Operation

Expansion Potential:

The substantial accommodation and existing hospitality fit-out provide scope for an incoming operator to explore a range of restaurant and bar concepts.

The generous ceiling heights could support a distinctive interior design and customer experience, while the existing late-night licensing permissions may be attractive to operators considering an evening-focused offering.

The landlord may consider splitting the accommodation, potentially providing flexibility for operators with different space requirements.

Any division of the premises, alterations or changes to the existing operation would be subject to agreement and the necessary planning, licensing and other consents.