Summary - 323, Old Street,LONDON,EC1V 9LE EC1V 9LE
1 bed 1 bath Bar / Nightclub
**Standout Features:**
- Prime location on sought-after Old Street, London
- Vibrant cocktail bar with unique quirky decor
- Excellent 2am premises license
- Low annual rent of £27,300 (including managing agent fees)
- 7 years remaining on the lease with security of tenure
- High visibility that attracts foot traffic
- Ideal for informal private functions and events
**Concerns:**
- High crime rate in the area
- Mortgage lenders may refuse due to limited lease duration
Welcome to a vibrant and quirky cocktail bar nestled in the heart of Old Street, one of London’s most coveted locales. With an inviting interior that features exposed brick walls, mood lighting, and unique decor, this bar not only appeals to patrons but also boasts a generous capacity for around 100 guests, making it perfect for social gatherings and informal events. The property benefits from an exceptional 2am premises license, ensuring maximum earning potential late into the evening.
Despite its standout location and features, the property's 7 years remaining on the lease poses a possible hurdle for potential buyers relying on mortgages. Additionally, the area experiences a high crime rate which may be a concern for some investors. However, with exceptionally low business rates for qualifying businesses, proximity to key transport links, and the vibrant energy of the surrounding area, this bar provides an exciting opportunity for those looking to invest in a bustling nightlife scene. Don't miss your chance to own this unique bar; opportunities like this in prime locations are rare and likely won't last long on the market.
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