GARFUNKEL’S, THE O2 ARENA · GARFUNKEL’S, THE O2 ARENA Greenwich, London SE10 0DX Key...
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SAVILLS LONDON 33 Margaret Street, London W1G 0JD +44 (0) 207 299 3088 savills.co.uk FOR SALE LEASEHOLD INTEREST GARFUNKEL’S, THE O2 ARENA Greenwich, London SE10 0DX Key Highlights • World renowned concert and events space in South East London • Adjacent to Slug & Lettuce, Byron, Frankie & Benny’s, Pizza Express, Five Guys and Gaucho • Established lesiure destination • Short distance from North Greenwich Underground (Jubilee Line) • GIA approx. - 355 sq m (3,828 sq ft)
Transcript of GARFUNKEL’S, THE O2 ARENA · GARFUNKEL’S, THE O2 ARENA Greenwich, London SE10 0DX Key...
SAVILLS LONDON33 Margaret Street, London W1G 0JD
+44 (0) 207 299 3088
savills.co.uk
FOR SALE LEASEHOLD INTEREST
GARFUNKEL’S, THE O2 ARENAGreenwich, London SE10 0DX
Key Highlights• World renowned concert and events space
in South East London
• Adjacent to Slug & Lettuce, Byron, Frankie & Benny’s, Pizza Express, Five Guys and Gaucho
• Established lesiure destination
• Short distance from North Greenwich Underground (Jubilee Line)
• GIA approx. - 355 sq m (3,828 sq ft)
savills.co.uk
Location
which hosts a multipurpose 20,000 capacity indoor arena along with an 11 screen cinema, a second 2,350 capacity arena and a number of national retail and
The O2 Arena is located in the London Borough of Greenwich in South East London and hosts a number of restaurant brands including Slug & Lettuce, Byron, Frankie & Benny’s, Pizza Express, Five Guys, Gaucho,
operators include Cineworld, the ICON designer outlet, Oxygen Freejumping and Hollywood Bowl. The O2 has excellent transport links via the Jubilee Line to the Centre of London.
DescriptionThe restaurant comprises a unit on the ground floor of the O2 arena with full height glazed elevations. There is customer seating located to the front of the unit within the public walkway.
AccommodationThe premises are configured to provide accommodation at ground and mezzanine level and are laid out to provide a variety of tables and seating for circa 130 customers. Ancillary accommodation includes a catering kitchen with prep area and walk in fridge and freezer, thermostatically controlled beer cellar, staff facilities, managers office and customer toilets.
Approximate Floor AreasThe property has the follow approximate gross internal areas.
FLOOR AREA SQ FT SQ M
Ground Floor 2,123 197
Mezzanine 1,705 158
Total 3,828 355
TenureHeld for a term of 25 years from the 24 June 2007 at a current rent of £252,000 per annum subject to an upwards only rent review on 24 June 2022 and five yearly thereafter. The rent is calculated by way of a base rent with an additional turnover top up. The most recent annual service charge was £50,233.
Rateable ValueThe unit is entered in the 2017 Rating List with a Rateable Value of £171,000. The National Multiplier for England and Wales for 2018/2019 is £0.493.
Premises LicenceThe 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 10:00 to 02:00 Monday to Sunday.
EPCAn EPC is in the course of preparation.
ViewingsAll viewings must be arranged strictly by appointment with the sole agents Savills and under no circumstances should any direct approach be made to any staff members.
BrandingThe former trading name and any branded items are not being included with the property which must be completely re-branded before being reopened.
Fixtures & FittingsFixtures and fittings with the exception of all tills, IT equipment, leased and branded items can be included as part of the sale should they be required.
VATAll figures quoted are exclusive of VAT.
SAVILLS LONDON33 Margaret Street, London W1G 0JD
+44 (0) 207 299 3088
Located in the world renowned O2 Arena in Greenwich
leisure operators.
Nandos, TGI Fridays, GBK and Zizzi. In addition leisure
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ContactStuart Stares +44 (0) 207 299 [email protected]
Paul Breen +44 (0) 207 877 [email protected]
Source: www.theo2.co.uk
IMPORTANT NOTICEMaps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. 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.
Designed and Produced by Savills Marketing: 020 7499 8644 | April 2019
