Commercial unit for sale

Kingsland High Street, London, E8 2PB

  • Bathrooms: 2
  • 2400 sq ft

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Summary

We are pleased to present this spacious Double Business Premises for rent, approx. 2400, ground floor and basement. Based in the ever-flourishing area of Dalston, with great links to transport and very high footfall.

Description

Chapter Estate Agents are pleased to offer this superbly located Restaurant/Cafe with Club, situated in the heart of Dalston. Boasting an array of Licenses from an A3 license, premises License, Alcohol License and license to open until 1am, it holds a capacity of 50 People upstairs with additional 10 seats at the front and 8 at the rear terrace. With a fully operational Kitchen consisting of a preparation room and a Walk in cold room and two seperate toilets.

Downstairs Basement is currently running as a Club with a Bar, Live Music Area and a 100 person capacity, with all previously mentioned licenses but with a license to open until 2am, The current tenants downstairs contribute £24k per annum (bills included) towards the total rent. They are happy to continue this arrangement or indeed one suitable to potential buyers.

The premises has a high level of footfall and a large existing customer base. The total internal SQFT is in the region of 2400 split equally between ground and basement. Additionally, the terrace area is around 250 SqFt. The unit is being offered for lease with all fixtures and fittings. This is an attractive proposition for an aspiring business person or a company looking to expand its portfolio. Call today to speak to our Commercial Team for further details on this exciting business prospect.

Information for the Restaurant/Bar/Club includes:
• Rent: £40K per annum
• Rate: £11k per annum
• Lease: 4 years left. (falls under the 1954 Act)
• Taking: £7K/pw
• Rent review: every 5 years. Last one was this year

• PREMIUM: £200,000

The area is of course a highly sought after area, with a tremendous amount of investment by major retail and property development industries. Its adjacent to several iconic venues such as Dalston Superstore and independent cinema venue Rio Cinema. Major music venue in Shoreditch and "Village Underground" has recently acquired local venue "Efes Bar" which was the old ABC cinema for development.

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Disclaimer

Property advert Ref 4117803 - Is a property advert for marketing purposes only, the information has been supplied by the owner, estate agent or property portal and The House Shop makes no warranty as to the accuracy or completeness of the information. Furthermore we have no control over the adverts content. This property advertisement does not constitute property particulars. Please contact the advertiser to obtain any information regarding The Energy Performance Certificate regarding homes in England and Wales or Home Report for residential property in Scotland.

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