Henry's Café Bar - Property Search - Savills
H e n ry ’ s Ca f é Bar 5-6 Henrietta Street, Covent Garden, London WC2E 8PS
Licensed Leisure www.savills.co.uk/licensedleisure
H en ry ’s Ca fé Ba r 5-6 Henrietta Street, Covent Garden, London WC2E 8PS On behalf of David Chubb and Michael Jer vis, the joint administrators of TCG Bars Limited, Savills is delighted to bring to the market the leasehold interest in Henr y’s Cafe Bar which is situated in the heart of Covent Garden in London’s West End. The premises which extend to more than 8,500 sq ft over ground and basement levels are brought to the market for the first time in nearly 20 years.
Substantial Offers Invited For The Leasehold Interest Rare opportunity to acquire one of London’s iconic cafe bars • Prime Covent Garden location fronting the Piazza • Ground and basement public house extending to 813.6 sq m (8,757 sq ft) • Landlord & Tenant Act 1954 protected lease expiring April 2023 • Passing rent £724,500 per annum
Location Henry’s Bar Café is located in the heart of Covent Garden in London’s West End, at the western end of the historic market. The district is renowned for being at the centre of London’s tourism and entertainment scene. The property is situated fronting the Piazza with impressive views over the historic market and close to tourist attractions including the London Transport Museum and Royal Opera House. A number of high profile occupiers are located nearby including The Ivy Market Grill, All Bar One, Sticks & Sushi, Flat Iron, Fred Perry, Oliver Sweeney and the Punch & Judy. Covent Garden is served directly by the Piccadilly Line with Covent Garden station only 250m north of the subject property. Charing Cross mainline and underground station (Bakerloo and Northern Lines) is also within 350m of the property and is accessible from the Strand which is to the south of the property.
A large catering kitchen, customer WCs, a beer cellar, managers office, glasswash, plant room, staff WCs, plant room and spirit store are also located at this level.
Approximate Floor Areas The property has the following approximate gross internal floor areas which were adopted at the time of the last rent review: Floor
Sq M
Sq Ft
Ground
3,976
369.4
Basement
4,610
428.3
Basement – VAULTS Total
171
15.9
8,757
813.6
Description The premises occupy the ground floor and basement of a Grade II listed mid terraced five storey building which is believed to have originally been built during the 1700s. Externally the property has the benefit of a pavement licence allowing the occupier of Henry’s to use a maximum of 4 tables and 8 chairs to the Henrietta Street frontage for customer seating between the hours of 11:00-23:00 each day.
Accommodation Ground Floor At ground floor level the premises are currently laid out to provide an open trading area with a bar servery to one side. The area is laid out with a variety of fixed bench seating, loose tables and chairs for approximately 170. A second smaller bar servery is located towards the rear of the ground floor with a glasswash area and disabled WC also provided at this level. Basement At basement level there is a further trading area which has its own bar servery. This area is laid out with a variety of fixed bench seating, loose tables and chairs for approximately 50. A separate private room is also located at basement level with seating for a further 16 covers.
50 metres
Exp
Rating The subject property is entered in the 2010 Rating List with a Rateable Value of £598,000. The National Multiplier for England and Wales for 2016/17 is £0.497. The 2017 Draft valuation for the property is £785,000.
Planning We understand the property currently benefits from Class A4 use.
Premises Licence The property has the benefit of a Premises Licence in accordance with the Licensing Act 2003. We understand that the premises are permitted to sell alcohol at the following times: Monday to Saturday 10:00-00:00 Sunday 12:00-23:30
Fixtures and Fittings All fixtures and fittings are included within the sale with the exception of leased/branded items and the till systems.
Tenure The property is held by way of an underlease for a term expiring on 20 April 2023 at a current rent of £724,500 per annum exclusive of VAT. The rent is subject to an upwards only review on the 24 April 2018. In addition the most recent annual service charge was £12,074 exclusive of VAT. The underlease has provisions which allow for the tenant to make an application at any time for the assignment of the superior lease in the property to any party of sufficient financial standing for a consideration of £1. The superior lease expires on 23 April 2023.
Energy Performance Certificate A copy of the EPC Certificate is available upon request. The property has a D (90) rating.
Terms Substantial offers are invited for the benefit of our client’s leasehold interest.
Viewing All viewings must be arranged via the sole selling agents Savills and under no circumstances should any direct approach be made to any members of staff. All customer visits must be undertaken discreetly. Important Notice Savills, their clients and any joint agents give notice that: 1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Paul Breen [email protected] 020 7877 4555 07767 873353 Stuart Stares [email protected] 020 7299 3088 07807 999841 www.savills.co.uk/licensedleisure
Licensed Leisure www.savills.co.uk/licensedleisure
H en ry ’s Ca fé Ba r 5-6 Henrietta Street, Covent Garden, London WC2E 8PS On behalf of David Chubb and Michael Jer vis, the joint administrators of TCG Bars Limited, Savills is delighted to bring to the market the leasehold interest in Henr y’s Cafe Bar which is situated in the heart of Covent Garden in London’s West End. The premises which extend to more than 8,500 sq ft over ground and basement levels are brought to the market for the first time in nearly 20 years.
Substantial Offers Invited For The Leasehold Interest Rare opportunity to acquire one of London’s iconic cafe bars • Prime Covent Garden location fronting the Piazza • Ground and basement public house extending to 813.6 sq m (8,757 sq ft) • Landlord & Tenant Act 1954 protected lease expiring April 2023 • Passing rent £724,500 per annum
Location Henry’s Bar Café is located in the heart of Covent Garden in London’s West End, at the western end of the historic market. The district is renowned for being at the centre of London’s tourism and entertainment scene. The property is situated fronting the Piazza with impressive views over the historic market and close to tourist attractions including the London Transport Museum and Royal Opera House. A number of high profile occupiers are located nearby including The Ivy Market Grill, All Bar One, Sticks & Sushi, Flat Iron, Fred Perry, Oliver Sweeney and the Punch & Judy. Covent Garden is served directly by the Piccadilly Line with Covent Garden station only 250m north of the subject property. Charing Cross mainline and underground station (Bakerloo and Northern Lines) is also within 350m of the property and is accessible from the Strand which is to the south of the property.
A large catering kitchen, customer WCs, a beer cellar, managers office, glasswash, plant room, staff WCs, plant room and spirit store are also located at this level.
Approximate Floor Areas The property has the following approximate gross internal floor areas which were adopted at the time of the last rent review: Floor
Sq M
Sq Ft
Ground
3,976
369.4
Basement
4,610
428.3
Basement – VAULTS Total
171
15.9
8,757
813.6
Description The premises occupy the ground floor and basement of a Grade II listed mid terraced five storey building which is believed to have originally been built during the 1700s. Externally the property has the benefit of a pavement licence allowing the occupier of Henry’s to use a maximum of 4 tables and 8 chairs to the Henrietta Street frontage for customer seating between the hours of 11:00-23:00 each day.
Accommodation Ground Floor At ground floor level the premises are currently laid out to provide an open trading area with a bar servery to one side. The area is laid out with a variety of fixed bench seating, loose tables and chairs for approximately 170. A second smaller bar servery is located towards the rear of the ground floor with a glasswash area and disabled WC also provided at this level. Basement At basement level there is a further trading area which has its own bar servery. This area is laid out with a variety of fixed bench seating, loose tables and chairs for approximately 50. A separate private room is also located at basement level with seating for a further 16 covers.
50 metres
Exp
Rating The subject property is entered in the 2010 Rating List with a Rateable Value of £598,000. The National Multiplier for England and Wales for 2016/17 is £0.497. The 2017 Draft valuation for the property is £785,000.
Planning We understand the property currently benefits from Class A4 use.
Premises Licence The property has the benefit of a Premises Licence in accordance with the Licensing Act 2003. We understand that the premises are permitted to sell alcohol at the following times: Monday to Saturday 10:00-00:00 Sunday 12:00-23:30
Fixtures and Fittings All fixtures and fittings are included within the sale with the exception of leased/branded items and the till systems.
Tenure The property is held by way of an underlease for a term expiring on 20 April 2023 at a current rent of £724,500 per annum exclusive of VAT. The rent is subject to an upwards only review on the 24 April 2018. In addition the most recent annual service charge was £12,074 exclusive of VAT. The underlease has provisions which allow for the tenant to make an application at any time for the assignment of the superior lease in the property to any party of sufficient financial standing for a consideration of £1. The superior lease expires on 23 April 2023.
Energy Performance Certificate A copy of the EPC Certificate is available upon request. The property has a D (90) rating.
Terms Substantial offers are invited for the benefit of our client’s leasehold interest.
Viewing All viewings must be arranged via the sole selling agents Savills and under no circumstances should any direct approach be made to any members of staff. All customer visits must be undertaken discreetly. Important Notice Savills, their clients and any joint agents give notice that: 1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Paul Breen [email protected] 020 7877 4555 07767 873353 Stuart Stares [email protected] 020 7299 3088 07807 999841 www.savills.co.uk/licensedleisure
