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Spacious Southwark Restaurant And Bar With Late Licence For Sale

Southwark, London, UK
Asking Price:
On request
Turnover:
On request
Net Profit:
On request

An opportunity to acquire substantial restaurant and bar premises in Southwark, London, offering approximately 11,700 sq. ft. of accommodation across ground-floor and basement levels. The characterful property may appeal to experienced hospitality operators, restaurant groups and leisure businesses seeking a large, flexible venue in the capital.
The premises feature impressive ceiling heights of approximately four metres on both levels, creating a distinctive setting for restaurant and bar operations. Fully fitted accommodation and an existing premises licence until 2am on Fridays and Saturdays add to the property's commercial appeal, particularly for operators considering an evening-led hospitality concept.
With two co-terminous leases expiring in 2035, the availability of a new lease from the landlord and the possibility of dividing the accommodation, the property offers several options for incoming operators. Its generous proportions and flexible leasing possibilities make it a compelling opportunity for businesses seeking to establish or expand their presence in Southwark.

  • Substantial restaurant and bar premises in Southwark, London.
  • Approximately 3,100 sq. ft. at ground-floor level.
  • Approximately 8,600 sq. ft. of basement accommodation.
  • Character building with four-metre ceiling heights on both levels.
  • Existing premises licence until 2am on Fridays and Saturdays.
  • Fully fitted, with a new lease available and potential to split the accommodation.

Property Information

Property:

Leasehold

Lease Terms:

The premises are currently held under two co-terminous leases expiring in 2035.
The combined annual rent is £337,500.
A new lease is available from the landlord, who will also consider splitting the accommodation.

Leasehold Rent:

£337,500 per annum per annum

Location:

The property is situated in Southwark, London, an established central London district with a diverse commercial, residential and hospitality environment.
The location may appeal to restaurant and bar operators seeking substantial premises within London's wider dining and leisure market.

Premises Details:

The property comprises extensive restaurant and bar accommodation arranged over the ground floor and basement of a character building.
The ground floor extends to approximately 3,100 sq. ft., with a further 8,600 sq. ft. at basement level.
Both levels benefit from ceiling heights of approximately four metres, offering generous proportions and flexibility for hospitality operations.
The premises are fully fitted and benefit from an existing premises licence until 2am on Fridays and Saturdays.

Size in square feet:
Approximately 11,700 sq. ft., comprising: Ground floor: 3,100 sq. ft. Basement: 8,600 sq. ft.

Business Operation

Expansion Potential:

The substantial accommodation provides flexibility for a range of restaurant and bar concepts, subject to the necessary consents.
The landlord is willing to consider splitting the premises, potentially creating opportunities for operators seeking a smaller area or a different configuration.
The availability of a new lease offers further flexibility for an incoming operator considering the property's long-term use.

Trading hours:

Existing premises licence until 2am on Fridays and Saturdays.

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