Summary - Fourth Floor Flat, 20 Shakespear Street NE1 6AQ
1 bed 1 bath Pub
Rare high-capacity site with strong weekly turnover in a busy student area.
Established late-night bar/club, capacity 450 customers
An established late-night bar and club occupying c.6,000 sq ft on a well-known licensed circuit in NE1. The venue holds up to 450 customers and reports an approximate net weekly turnover of £15k (VAT excluded), presenting a clear trading footprint for an experienced operator or investor.
The building dates from before 1900 with sandstone walls and double glazing installed before 2002; the EPC is rated B. Services are mains gas with boiler and radiators. The property sits in a cosmopolitan, multicultural student neighbourhood with high footfall and numerous nearby amenities, fast broadband and excellent mobile signal — all supportive of late-night hospitality trade.
Material considerations are straightforward: this is a confidential leasehold sale with the lease shown as expiring in 2032 (listed as within the Act). The listing data also shows a lease figure of 2032, which should be clarified. The area records very high crime levels and the plot is small; the building appears to have limited insulation (sandstone as built). Prospective buyers should allow for refurbishment, compliance checks, and local licensing conditions.
Offered at £100,000, the property suits a buyer seeking a large-capacity city centre hospitality asset with established turnover and redevelopment or income-improvement potential. Investors and experienced operators should verify lease details, trade figures, running costs, and security measures before proceeding.
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