A fully equipped nightclub and bar, covering approximately 1,585 sq ft located in a prime position on Park Row. This venue is designed for nightlife and entertainment, offering a vibrant atmosphere and modern amenities to create an ideal experience for patrons. The property benefits from a valuable late night license, allowing for extended hours of operation. Key features include a high quality sound system, lighting, a covered outdoor garden area and air conditioning. This property represents a prime opportunity for nightlife entrepreneurs looking to operate a dynamic, well located venue. Offered to let by way of a lease assignment, subject to an ingoing premium of £40,000.
DESCRIPTION -
A fully equipped nightclub and bar, covering approximately 1,585 sq ft. This venue is designed for nightlife and entertainment, offering a vibrant atmosphere and modern amenities to create an ideal experience for patrons. The property benefits from a valuable late night license, allowing for extended hours of operation. Key features include a high quality sound system, lighting, a covered outdoor garden area and air conditioning. This property represents a prime opportunity for nightlife entrepreneurs looking to operate a dynamic, well located venue.
LOCATION -
The premises occupies a premier trading location on Park Row, strategically positioned in close proximity to the bustling Park Street area. This sought after location benefits from high foot traffic and excellent visibility, making it ideal for a vibrant nightlife or hospitality business.
LEASE DETAILS -
The premises is available to let by way of an assignment of the current tenant's 7 year lease from 2024, we understand the lease has the benefit of security of tenure. Each party to incur their own respective legal fees with the landlord's associated costs split 50/50 between the ingoing and outgoing tenants.
PREMIUM -
An ingoing premium of £40,000 is sought to include fixtures and fittings.
BUSINESS RATES -
The rateable value with effect from April 2023 is £26,750.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
EPC rating: D (valid until September 2027)
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS -
By appointment.
TENANT APPLICATION FEE -
The ingoing tenant will be charged an application fee of £250 plus VAT (£300 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks. Accounts will be requested where available and a deposit and/or personal guarantee may be required.
CONTROL OF ASBESTOS REGULATIONS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
CODE FOR LEASING BUSINESS PREMISES -
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
