Description
The Pineapple Club is a bar and events focussed, 2,600 sq ft premises set out over two floors with an attractive exterior that includes heated and covered outside seating. The ground floor consists of an open plan trade area with circa 30 seats served by a single bar servery. The basement bar which can be accessed from both the ground floor and from Cursitor Street at the rear of the property is equipped with over 50 seats, its own bar servery and a DJ booth. The basement floor also consists of WC’s, a fully equipped commercial kitchen, a back bar office, beer cellar and storage facilities. There is a lift for stock to be transferred from Curistor Street to the basement kitchen.Location
The Pineapple Club is a dual fronted property situated in the heart of London's Legal Quarter on Rolls Passage, just off Chancery Lane in the Holborn area of London. Chancery Lane Underground Station on the Central line is only a short walk away. This alley off Chancery Lane is a mix of Victorian and 1990s offices, with the Pineapple Club attached to a large office block.Fixtures & Fittings
All trade fixtures and fittings in the property are included in the sale.The Opportunity
The Pineapple Club is a fantastic opportunity for any operator looking to acquire the lease of a City of London pub and basement bar. This property is fully furnished and in excellent condition so a new business can launch with little capital outlay. Its close proximity to the Chancery Lane tube station, and late 2:30am licence makes this bar an excellent events space in a prime London location. While the business will be reopening for events in February 2024, it will not be serving food despite having a fully equipped catering kitchen and the ability to serve the public, specifically on week days when the City is populated with tourists, workers and commuters.Staff
Any staff who wish to stay on in the business will transfer in accordance with the Transfer of Undertakings (Protection of Employment) Regulations.Trading Hours
The Pineapple Club is currently closed however, is scheduled to reopen in February 2024 for private and bespoke events. The licensable hours are 11am to 2:30am Monday to Saturday and 11am to 12:30am on Sundays. A full copy of the premises licence is available on request.Tenure
‘Lock up’ ground floor and basement, 15-year lease with 10 years remaining (Inside the L&T act 1954). The current rent payable is £62,000 per annum and the business is tied to beer, cider, alcopops and minerals by the landlord Star Pubs and Bars. 2 Personal guarantors and a 3 month deposit is required as well as a full business plan application.Business Rates
The rateable value of the business, according to the VOA 2023, is £68,000. The local authority is the City of London.
