Description
The bar and restaurant has been closed since July 2022. It compromises of 600 sqft of trade area on the ground floor and 900 sqft in the basement. The ground floor consists of front and back trade area seperated by a single bar servery. The basement bar which can be accessed via the stairs on the ground floor features its own bar servery, unisex WC’s, an open commercial kitchen and storage facilities. A pavement licence can be ontained at the front of the property for up to 12 covers. Its close proximity to Queens Road Peckham overground station and 1:30am licence makes this bar an excellent hub for local and detination consumers looking for a bar, restaurant and/or private events space.Location
The bar & restaurant is located on the lively Queens Road in Peckham, a thriving and rapidly gentrifying area in South East London. The property enjoys excellent transport connections, with Queens Road Peckham Station (Overground and National Rail services) just moments away, offering swift access to London Bridge and central London. The surrounding area is known for its vibrant community, with an eclectic mix of independent shops, trendy cafes, and popular restaurants. Peckham's creative scene, including galleries, street art, and cultural venues, adds to its appeal, while local amenities such as supermarkets, gyms, and Peckham Rye Park provide convenience and leisure opportunities.Fixtures & Fittings
All trade fixtures and fittings in the property are included in the sale. A listing is available for seriously interested applicants.The Opportunity
The bar is a fantastic opportunity for any operator looking to acquire the lease of a Peckham ground floor and basement bar and restaurant. This property is furnished and can be in a position to trade with little capital outlay. Experience operating a bar and/or reference would be preferable.Trading Hours
The bar is currently closed. The licensable hours are:
- 10am to 12:30am on Monday to Thursday
- 10am to 1:30am on Friday and Saturday
- 10am to 11:30pm on Sunday
A full copy of the premises licence is available on request.Tenure
‘Lock up’ ground floor and basement, 15-year lease with 6 years remaining (Inside the L&T act 1954). The current rent payable is £36,400 per annum and the business is free of tie. A Personal guarantor and a 3-6 month deposit is required by the landlord.Business Rates
The rateable value of the business, according to the VOA 2023, is £16,500. The local authority is Southwark.
