Function and events venue for sale in East London with 200 capacity and outdoor space

Description

Function and events venue for sale located in East London.The premises benefit from an A4 licence permitting late-night operation until 00:30.The business is fully staff run and operates with privately booked functions throughout the year.The property comprises a two-storey building extending to approximately 2,500 sq. ft. with a licensed capacity for up to 200 patrons.The venue is presented in excellent condition throughout and is considered a well-established and ideal events space.Accommodation includes three separate bars, multiple function rooms and a beer garden.Leasehold opportunity offered with an asking price of £215,000 plus SAV.Annual rent is £42,000 per annum, with business rates of £5,000 per annum.The lease has a term of 25 years, with approximately 10 years remaining.A4 licence in place.Approximate internal area of 2,500 sq. ft.Viewing strictly by prior appointment only. Full confidentiality required by the vendor.