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Milan Bar, 13 High Street

To rent: ROA|11109 Sq Ft|Leisure Property, Pubs/Bars/Clubs, Licensed & Leisure

PROPERTY DETAILS

TO RENTROA
SIZE11109 Sq Ft
ADDRESSMilan Bar, 13 High Street, Croydon, CR0 1YA
TYPELeisure Property, Pubs/Bars/Clubs, Licensed & Leisure
TENURETo Let
POSTED ON8th September 2020

DESCRIPTION

Key Points

  • Leasehold
  • Current rent £211,980 per annum
  • Part of established leisure scheme
  • Close to occupiers including Vue, Nandos, Turtle Bay and Nuffield Health
  • Ground and basement trading
  • Late licence
  • External beer terrace
  • Potential to sub-divide
  • Summary

    The Milan Bar occupies part of the ground and basement floors of the Grants Entertainment scheme.

    Description

    The Milan Bar occupies part of the ground and basement floors of the Grants Entertainment scheme which was developed on the site of the former Grant’s department store which opened in 2002. Externally there is a beer terrace which is held under licence. GROUND FLOOR: Trading accommodation with bar servery to one side. This area is laid out to provide a variety of tables and seating. Ladies, gents and a disabled WC’s are also provided at this level. BASEMENT: Additional trading accommodation with a bar servery, extensive seating area, customer WC’s, kitchen, beer cellar, managers office, staff room and various stores.

    Viewings

    No formal viewings will be permitted unless arranged through the joint selling agents CBRE and Savills. Offers are invited for the benefit of our clients leasehold interest.

    Location

    Croydon is a popular commuter town and major centre which is located 10 miles south of central London. The Milan Bar occupies a prominent position on the High Street, close to its junction with Park Street. The premises form part of the Grant Entertainment Centre where other occupiers include Vue who operate a 10 screen cinema in the scheme, Luna (Stonegate), Turtle Bay, Nandos and Nuffield Heath. Five Guys are planning to open diagonally opposite the property in the site formerly occupied by Yates. This area of Croydon is set to benefit from significant investment in the coming years with Westfield and Hammerson planning a £1 billion redevelopment of the Whitgift Centre which will be replaced with 1.5 million square feet of retail and leisure accommodation.

    Tenure

    Held on a lease expiring 23 June 2027 at a current rent of £211,980per annum subject to upwards only rent review on 24 June 2017 and five yearly thereafter. The most recent annual service charge was £63,231.

    Premises licence

    The property benefits from a premises licence permitting the sale of alcohol until 2am Sunday to Thursday and 3am on Friday and Saturday

    LOCATION

    Location: Milan Bar, 13 High Street, Croydon, CR0 1YA

    Morden (4.5 miles)

    Colliers Wood (4.5 miles)

    Tooting Broadway (4.7 miles)

    East Croydon (0.3 miles)

    West Croydon (0.4 miles)

    Waddon (0.6 miles)

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