The premises are currently fitted out to a very good standard and operate as a cocktail bar, music venue, and nightclub over the ground floor and basement. The ground floor is fitted with a bar with a seating area, and the basement houses a spacious dance floor with a separate DJ booth.
The premises are located in the heart of the West End, benefiting from many food and beverage operators nearby and also from being a stone's throw away from the hustle & bustle of Oxford Street. Transport links are excellent, with Tottenham Court Road Station being moments away, with access to the Central, Northern, and Elizabeth Lines.
Tenure: An assignment of an existing FRI lease that expires on December 19, 2033, subject to 5 yearly rent reviews. The lease is granted outside the Landlord and Tenant Act 1954, Part 2, as amended.
Passing Rent: £66,000 per annum, exclusive.
Premium: On Application.
VAT: VAT may be applicable to rent, premium and other outgoings.
Planning/Licensing: The premises benefit from sui generis planning use, with a premises licence allowing the sale of alcohol without the provision of food from Sunday to Wednesday till midnight and Thursday to Saturday until 1:30 a.m.
Key selling points:
Low Rent
Premises Licence till 1:30am
Ground Floor and Basement
Situated Just off Oxford Street
Lease Expiring in December 2033
Fully Fitted Out
