Pub/bar to let

Marchmont Street, London WC1N

Features and description
Furnished
Fully fitted bar
Premises licence in place
High footfall location
Private entrance
Air con
Kitchen
WCs
VIP rooms
Location

The premises are situated prominently on Marchmont Street, by the junction with Tavistock Place and less than a 5 minute walk to Russell Square tube station (Piccadilly line).
The Brunswick Shopping centre is also only a stroll away. Occupiers there include Waitrose, Curzon Cinema and many other major retail and leisure names.
Description

Comprising a fully fitted and equipped, basement bar premises with attractive private entrance from Tavistock Place.
The unit is fitted out and benefits from air conditioning, bar, 2 VIP rooms, karaoke room, photo booth room, kitchen, WCs, office and ample storage.
The premises are in good decorative order with wood effect flooring and exposed brick. Pavement lights provide some natural light.
Area

All measurements are stated approx.
1,200 sq ft/111.48 sqm
Use

Bar (sui generis).
Business rates

24/25 Rateable value £19,250.

This is not the rates payable. We understand that rates payable are approx. £9,606 per annum but 75% relief is currently available, reducing to 40% relief from 1 April 2025.
Interested parties are advised to confirm this information with Camden council.
Lease

Assignment of 10 year lease from January 2024, passing at an annual rent of £30,000 pax.
Premium

£75,000 to include the valuable leasehold interest, fixtures, fittings and equipment and goodwill.
Licence

The premises is licenced for sale of alcohol from 10.00 to 23.00 (Mon-Sat), 10.00-22.30 (Sun). A copy of the premises licence is available on request. The Landlord has given consent to later hours.
EPC


B/32