Greater London, BR1 1DS

Details of Rumour Bar and El Parasol

Information

£900,000 FOR THE LEASE RUNNING UNTIL DECEMBER 2037 AND £99,000 PER YEAR RENT.

Location

Set in the heart of Bromley’s new lifestyle and entertainment quarter and being at the north east entrance to St Mark’s Square – a vibrant public square lined with nine restaurants, a 130-bedroom hotel, nine screen cinema and 2090 new homes all located within a stone’s throw of Bromley South train station. El Parasol Restaurant and Bar and Lounge is located in a vibrant area that benefits from continuous footfall 7 days of the week. The area has recently undergone dynamic improvements and an injection of private investment from some big brand businesses and retail outlets.

Internal Details

Restaurant area with table and chair seating, served by a semi-circular bar servery.

Lounge bar- a range of luxurious seating including modern low level stools matched with low level tables, comfortable leather chairs and sofas with low level tables, and a further area of bespoke white leather bench sofas and tables to match. Mezzanine floor gives access to the VIP area again with luxurious seating.

Ground Floor

Ancillary areas – Full service catering kitchen. Toilets for the restaurant guests. Toilets for Lounge bar guests.

Other Floors

First floor – access to two offices, staff bathroom and toilet.

Fixtures & Fittings

We are advised all trade fixtures and fittings at present in the property are included within the sale, with the exception of one or two items which may be subject to lease or hire purchase agreements.

External Details

The front of the property has a huge benefit of having a high semi circular brick façade at the centre of the entrance with the names of these business being promoted.

There is also a space allocated in the front of the restaurant for a few external seats and at the side of the Lounge bar there is seating for up to 40.

Opportunity

A unique opportunity to obtain this substantial site at the north east entrance to the new entertainment area, St Mark’s Square, in the centre of Bromley.

Staff

The proposed purchaser will be required to offer continuity of employment in accordance with the Transfer of Undertakings (Protection of Employment) Regulations. Prospective purchasers should complete their own enquiries and due diligence to satisfy themselves as to the rights, contracts and obligations that may run with the Property and business, and also the registrations, licenses, permits and certificates required to trade.

Trading Information

This demise is currently being operated as two individual businesses and they are traded under licences to occupy with our clients. As such we do not have trading figures for either trading entity.

Trading Hours

Rumour Lounge Bar – currently opens Thursday, Friday, and Saturday 7:00pm – 2:00am

El Parasol Restaurant – currently opens Monday – Thursday 12:00pm – 11:00pm, Friday and Saturday 12:00pm – 12:00am and Sunday 12:00pm – 9:00pm.

Business Rates

The rateable value for the whole demise from April 2017 £116,000.

Regulatory

Premises licence: Permissible opening hours for the whole demise are: Sun – Wed 12.00 to 00.30 and Thurs – Sat 12.00 to 02.30

Energy Performance Asset Rating

An EPC provides a potential buyer or tenant with details of the energy use and typical associated costs of the property prior to purchase. It also provides recommendations for saving money and energy. All domestic and commercial buildings on the market for sale or rent in the UK must have an EPC. In fact this needs to ordered prior to marketing the property. Christie & Co have many years experience of the working with reliable suppliers and can help introduce you to reputable professionals.

At a glance

In the heart of the new entertainment quarter

Restaurant (90) and Lounge Bar/ club (100+)

Total GIA 6,053 sq ft

External seating (40)

North east entrance to St. Marks Square

Energy rating C