ESTABLISHED BAR WITH LIVE MUSIC, NOTTING HILL, W11 Reference No: Y7650J

Price: 199000
Description

LOCATION:   The bar is located in the heart of one of London's most desirable upmarket areas, in a convenient location close to Central London and Westfield Shopping Centre, with its iconic houses, famous diversity, frequented by movie stars, in one of the best known and thriving markets in London. It is also the location of the annual world famous and the largest carnival in Europe which has attracted 1.5 million people previously.

DESCRIPTION: Single 1,073 sq ft (99 sq.m.) A3 shop unit with a bar section, a DJ stand, 13 stools to the bar section and a standing area with a dance floor plus seating for 40/50 persons. Licenced to hold 200 to 240 persons. The bar regularly attracts famous customers.

BUSINESS:   Run by owner with 2 full time and 3 part time staff taking £4,000 pw at 70% gp. In the same hands for 6 years and only for sale owing to the now seller proposing to move abroad.

HOURS:   Sunday 10 am to 10.30 pm. Monday to Thursday 10 am to 11.30 pm. Friday and Saturday 10 am to midnight.

EQUIPMENT: Fully equipped for the trade including high tech sound system for live music (available separately) 5 bar fridges, an ice machine, a glass washer, furniture, etc.

COMMENTS:  There is consent for Notting Hill Carnival bar only with the sound system to be used outside the premises.

TENURE: Renewable 25 year lease from 24 June 1997 with 3 yearly rent reviews at the current rent of £50,000 pa. Rates £14,000 pa payable.

VIEWINGS: By appointment only.

NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES on 020 7935 3939

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