The Royal Vauxhall Tavern, 372 Kennington Lane Vauxhall, London, SE11 5HY

The Royal Vauxhall Tavern is believed to have been built in the mid-19th Century. The property is of brick construction with a slate tiled, multi-pitched roof.

The Royal Vauxhall Tavern is recognised as one of the most successful LGBTQ venues in London, if not the UK and a preferred venue of choice for many international artists and RVT scheduled programme of events. The venue is steeped in history and culture and provides the most diverse programme of events to the LGBTQ community in London. Paul O'Grady as Lily Savage had an 8 years residency at RVT. RVT is regularly used for onsite film location and has appeared in Pride, Absolutely Fabulous the Movie 2016, British Vogue 2021, Danny Boyle Lonely Boy 2022, 50 Years Pride 2022, HRH Prince of Wales Charity Film Pride 2023.

Since its current leasehold owner took the property over in 2005 there has been significant investment into the premises and the building was given a Grade II Listing in 2015. The 'RVT' operates seven nights a week with cabaret or club nights benefitting from the venues 24 hour licence. The RVT is established as a cultural, historical and reputational industry leader and a preferred venue of choice for many leading international artists and club promoters.

The Royal Vauxhall Tavern is located in the heart of Vauxhall, Central London. Situated in a predominantly commercial area, the property is adjacent to a major London transport hub, the Vauxhall National Rail Station on the A3204 at its junction with South Lambert Road and Harleyford Road. The Rail Station offers services on the National Rail line and the London Underground while also hosting a London bus interchange station. International cricket stadium, The Kia Oval, is under a 10 minute walk away.

- The main trading area is at ground floor level with a bar area to one side. This area has two raised seating areas with a centre stage for cabaret performances. Customer WC’s are located to either side of the stage with a DJ consul, theatre light system, powerful sound system and dressing room. Also provided at this level are 5 air condition units, all newly replaced in the last 24 months.
• All seated the venue hosts 120 covers.
- Reduced Seating and Standing can hold up to 250 guests.
- No seating / club night the venue can hold up to 400 guests.

- The basement provides a beer cellar, (new beer cellar cooler replaced in December 2022, spirit cellar, dry stores and various other storage areas).
- The first floor provides main office, two meeting rooms, store room, green room, shower room, kitchen and bathroom.
- The second floor is a self-contained spacious flat with 3 bedrooms, lounge, kitchen and well- proportioned bathroom.

- The landlord retains ownership of the fixtures and fittings with the tenant required to certify, repair, replace and maintain.

- The property has obtained a renewable pavement licence and hosts 11 covered picnic benches and 4 tables providing 100 covers outside.

This exclusive opportunity is only available due to the planned retirement of the existing operator and with an annual turnover in the region of £1,7m, this highly profitable venue is sure to attract interest from a variety of experienced operators looking to add a famous LGBTQ London pub business to their portfolio.

The proposed purchaser will be required to offer continuity of employment in accordance with the Transfer of Undertakings (Protection of Employment) Regulations. Prospective purchasers should complete their own enquiries and due diligence to satisfy themselves as to the rights, contracts and obligations that may run with the Property and business, and also the registrations, licences, permits and certificates required to trade.

Trading information provided show that as of 30/06/2023, the business generated an annual turnover of just under £1.7m net of VAT with a conversion to profit in excess of 30%. Full Trading Profit and Loss Accounts will be made available to seriously interested parties on request after a formal viewing of the business has been undertaken.

The Royal Vauxhall Tavern has a 24 hour licence but currently operates on the following hours:

- Monday to Thursday 7pm to Midnight.
- Friday (early cabaret) 6pm to 9pm and club nights 10pm to 4am.
- Saturday (early events) 2pm to 7pm and club nights 9pm to 4am.
- Sunday (cabaret) 4pm to 11pm.

Licensable activities authorised by the licence - Plays, Films, Live music, Recorded music, Performances of dance, entertainment similar to Music/Dance, Provision of facilities for making music, Provision of facilities for similar entertainment, late night refreshment and supply of alcohol. A copy of the licence is available to view on request.

This is an opportunity to acquire a 20 year, free of tie lease from a private landlord expiring in September 2038 at a passing rent of £130,000 pa, subject to five year reviews. CPI is collared at 0% and capped at 5% per annum. The lease is outside the security of tenure provisions inside the 1954 Landlord and Tenant act. The landlord may is likely to require a deposit and personal guarantees.

The Landlord covenants to keep the structure, roof and elevations in good repair with the Tenant responsible for the decoration of the outside and inside of the property and the repair of the internal areas, subject to a Schedule of Condition in place, further details of which are available on request.

The rateable value of the business, according to the VOA 2023, is £118,000. The local authority is Lambeth.

Lambeth Council have revealed that the property is Grade II Listed and is located within the Vauxhall Conservation Area. The property is listed as an Asset of Community Value and is Sui Generis Status.