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Property Overview

  • Size:
    Undisclosed
  • Usage:
    A4
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Bars
    Clubs
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

General Summary

The premises comprise the lower ground floor and raised ground floor of a larger multi use building. Access is from the street and via a short staircase to the reception area and cloakroom on the raised ground floor. At this level the trading area opens out to provide the main bar with a raised stage area at the far end along with a raised seating area to the side and two DJ/control desks. The décor reflects the sense of a venue steeped in the history of the bands that have passed through it’s doors with memorabilia lining the walls as a testimony to it’s heritage.



Stairs lead from this bar down to the floor below, with it’s reduced ceiling height this bar provides an intimate clubbing experience with a dance floor and DJ booth.



We are advised that the current capacity is 300persons at the raised ground floor level and 90persons at the lower level.



Cellarage and ancillary storage is located to the rear of the bar along with an exit to a rear service area and access out to Dudley Street.



LICENSING SUMMARY:



Supply of Alcohol

Live and Recorded Music and Dancing



Mon to Sat; 11am to 11am (the following day)

Sun 12noon to 6am (the following day).

(Bank Holiday variations apply)



CURRENT TRADE:

The vendor has been currently trading only on a Friday, Saturday and Sunday nights, with only one live band a month on average. There is clearly a huge opportunity for a new owner to pick this business up and create a thriving live music and/or late night venue.



VIEWING:

The property is closed for trading during the daytime, should you wish to arrange an internal viewing then please contact us to make an appointment.



RATABLE VALUE:

The premises are currently assessed with a RV of £20,250 (2010 List)



ENERGY PERFORMANCE CERTIFICATE:

The EPC is currently being obtained by the Vendor



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TENURE & PRICE

Offers are invited on a guide price of £300,000 for the leasehold interest. Full details of the lease are not yet available however we are advised that the property is held on a 999year lease granted circa 4 years ago at a peppercorn rent. These details will be updated once the lease has been inspected, a copy lease will be made available to interested parties.



The sale price will include all fixtures and fittings and be free from any brewery ties. Stock to be purchased at valuation.


Location

Located in the centre of Luton, the property benefits from it’s immediate proximity to Luton railway station. The area is undergoing extensive regeneration to provide the ‘Luton Gateway’ including a new bus station and access to the Dunstable Luton Guided Busway. These developments will not only enhance the attractiveness of the area but will deliver excellent transport links, from across the region, to the doorstep of the property.

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