Rare 3am License comes onto the Market
July 21, 2014
A highly prized and extremely desirable nightclub opportunity has become available on Kensington High Street in West London. Davis Coffer Lyons the leisure specialists is currently marketing this sought-after late night opportunity which benefits greatly from having an extremely rare 3am licence. The unit is situated directly opposite celebrity hang out Bodo Schloss which boasts the likes of Prince Harry as patrons.
The 2,000 sq ft basement unit, which has 18 years remaining on its lease at a passing rent of £65,000 is on the market for a premium in the region of £1.5m.
Jonathan Moradoff an Associate Director at Davis Coffer Lyons, said: This part of London is extremely desirable for the late night market and there is a dearth of venues that have the necessary licensing. This is a great unit in an excellent location and, with members of the royal family partying at a club over the road, we have no doubt that with the right operator this venue can be just as successful.