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Vacant Bar (Formerly 'Pedler Good Fortune'), 169 Queens Road, London, SE15 2ND

Offers in Excess of
£20,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

Ask agent

SECTOR

Bar / nightclub for sale

Key features

  • Close to Queens Road Peckham Station
  • Ground Floor & Basement Bar and Restaurant
  • External seating for 12 covers
  • 1:30am Licence on Friday and Saturday
  • Commercial Kitchen
  • 223 square meters, Energy Rating B
  • Christie & Co Ref: 2457383

Description

Description

The bar and restaurant has been closed since July 2022. It compromises of 600 sqft of trade area on the ground floor and 900 sqft in the basement. The ground floor consists of front and back trade area seperated by a single bar servery. The basement bar which can be accessed via the stairs on the ground floor features its own bar servery, unisex WC’s, an open commercial kitchen and storage facilities. A pavement licence can be ontained at the front of the property for up to 12 covers. Its close proximity to Queens Road Peckham overground station and 1:30am licence makes this bar an excellent hub for local and detination consumers looking for a bar, restaurant and/or private events space.

Location

The bar & restaurant is located on the lively Queens Road in Peckham, a thriving and rapidly gentrifying area in South East London. The property enjoys excellent transport connections, with Queens Road Peckham Station (Overground and National Rail services) just moments away, offering swift access to London Bridge and central London. The surrounding area is known for its vibrant community, with an eclectic mix of independent shops, trendy cafes, and popular restaurants. Peckham's creative scene, including galleries, street art, and cultural venues, adds to its appeal, while local amenities such as supermarkets, gyms, and Peckham Rye Park provide convenience and leisure opportunities.

Fixtures & Fittings

All trade fixtures and fittings in the property are included in the sale. A listing is available for seriously interested applicants.

The Opportunity

The bar is a fantastic opportunity for any operator looking to acquire the lease of a Peckham ground floor and basement bar and restaurant. This property is furnished and can be in a position to trade with little capital outlay. Experience operating a bar and/or reference would be preferable.

Trading Hours

The bar is currently closed. The licensable hours are:

- 10am to 12:30am on Monday to Thursday
- 10am to 1:30am on Friday and Saturday
- 10am to 11:30pm on Sunday

A full copy of the premises licence is available on request.

Tenure

‘Lock up’ ground floor and basement, 15-year lease with 6 years remaining (Inside the L&T act 1954). The current rent payable is £36,000 per annum and the business is free of tie. A Personal guarantor and a 3-6 month deposit is required by the landlord.

Business Rates

The rateable value of the business, according to the VOA 2023, is £16,500. The local authority is Southwark.

Energy Performance Certificates

EPC 1

Brochures

Vacant Bar (Formerly 'Pedler Good Fortune'), 169 Queens Road, London, SE15 2ND

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Queens Road Peckham Station0.0 miles
  • Nunhead Station0.5 miles
  • Peckham Rye Station0.6 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 2457383-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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