Basement member's venue/leisure opportunity with valuable outline planning consent / potential for 2am alcohol licence
Description
The property occupies the basement floor of a mid terrace property known as Oxford House with the "House of Hien" Vietnamese restaurant occupying the ground floor.
The basement has been finished to shell and core ready for fit-out (please note for example the tenant will be required to install heating, ventilation, and air conditioning infrastructure). The current finish includes tanking with walls finished with plasterboard (skimmed and painted) with a screed floor. Basement access is direct from Oxford Street. The upper floors above ground currently provide residential accommodation (not included).
Viewings
For a formal viewing please contact the sole letting agents, Savills.
Lease
Rental offers of £37,000 per annum are invited for the benefit of a new lease. Suitable security will be required. Offers may be considered for the benefit of a long lease.
Planning & Licensing
We understand the property has planning permission for the use of the basement as a member’s club (ref 13/00922/FUL/3620). The premises licence which permits the sale of alcohol until 2:00am is currently suspended, however, we understand there is scope to resolve this (please contact Savills for more information). Permissions and licences may be subject to conditions being met. We recommend specialist advice is sought.
C (74)
Name | sq ft | sq m | Availability |
---|---|---|---|
Basement | 3,444 | 319.96 | Available |