A little more about the property

• One of London’s landmark destination live entertainment venues.
• Strategically located amongst London’s world-class leisure and amenity districts of Covent Garden and Southbank
• Comprising a 19,289 sq ft live events arena providing exceptional volume and up to 9m+ floor to ceilings
• Amphitheatre style layout configured around a large stage with further bar and restaurant space
• Benefiting from an exceptionally rare 5am late night alcohol licence
• Occupied by Proud Cabaret, one of the industry’s most successful operators over the past 20 years
• The entire property is let to Proud West End Limited for a further 19.5 years
• The lease benefits from 5-yearly rent reviews based on annual compounded CPI uplifts subject to a 4% cap and 1% collar
• Current rent of £949,996 per annum reflecting £49.25 psf overall. Next review March 2028.
• Current ERV is in excess of the topped-up passing rent with exceptional demand for 15,000 sq ft+ units in London
• Held Long leasehold for 150 years from 12th March 2007 providing 134 years unexpired subject to a peppercorn rent