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

POA

Savills, Margaret Street - Licensed Leisure
SIZE AVAILABLE
11,109 sq. ft.
(1,032 sq. m.)
SECTOR
Leisure facility to lease

Lease details

Lease type:
Long term

Key features

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

Property description

Tenure: Leasehold

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

Brochures

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

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • George Street Tram Stop0.1 miles
  • Church Street Tram Stop0.2 miles
  • Wellesley Road Tram Stop0.2 miles

About Savills, Margaret Street - Licensed Leisure

33 Margaret Street, London, W1G 0JD

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Notes

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Disclaimer - Property reference 21041-2. 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 Savills, Margaret Street - Licensed Leisure. 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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