Prague Bars Signs Second Site in Central London
November 21, 2011
Davis Coffer Lyons Agency team has assigned the leasehold interest of the former Bar Sequence on Islingtons Essex Road, N1, to Prague Bar, on behalf of Cafe Musica. This will become the second site for Prague Bar, which already operates on Kingsland Road in Hoxton. The new premises are held on the remainder of a 15 year lease from January 2009 for the ground floor of the property, at a passing rent of £37,500 per annum.
Prague Bar is known for possessing London’s largest selection of premium Czech lagers and extensive cocktail list, as well as traditional Czech snacks.
Rob Meadows, Davis Coffer Lyons, said: There is always interest in small sites with late premises licences and this will be an excellent venue for a second Prague Bar. We are seeing strong demand for sites in quality areas that are already fully fitted due to the poor funding climate for lease hold ventures.