Nightclubs for sale in Cambridge

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Rare leasehold cocktail lounge and events venue available in central Cambridge

Cambridge, Cambridgeshire, England

  • Leasehold Price: Offers Invited
Seller Reference: CAMBSHR
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: CAMBSHR
Request Details
Business Description
• Leasehold assignment of central Cambridge cocktail bar and events venue
• 13+ years unexpired at a very low passing rent of £10,000 per annum
• Deceptively large basement unit capable of serving c. 200 covers
• Sunken main bar with booth seating areas
• Sizeable events room with DJ booth and secondary ‘express' bar

Property
Hidden Rooms occupies the lower ground floor/basement of an iconic Victorian building which was originally built as Roman Baths. It is deceptively large, with spacious, open-plan trade areas, plenty of storage and a decked courtyard garden.

The entrance is located at ground floor level, underneath the attractive frontage which features three ionic columns supporting a dentilled pediment. A wide staircase leads down to a lobby area with male and female WCs and cloakroom with further storage room beyond. The main bar area comprises a mixture of fixed and booth seating, with two further intimate booth areas. The bar itself is sunken, with the whole catering for c. 70 covers. A large events room provides a further 50+ covers and features a DJ booth with sound system and light controls and an ‘express’ bar. A rear hallway provides access to male toilets and the back of house areas, which includes a fire exit, storeroom and large office which has plumbing and drainage connected, affording the opportunity to convert to a trade kitchen (STNC). Outside, there is a two-tier decked courtyard area which is accessed from the main bar.

Business

Hidden Rooms is a cocktail lounge with seated table service, live music and events space. The events room is utilised to host private parties, with venue hire available from 50-200 guests. In additon to evening entertainment, daytime packages include cocktail and dance classes. The premises licence permits the supply of alcohol on and off the premises from 10:00-00:00 Monday-Saturday and 12:00-22:30 on Sundays.

Website: https://www.hiddenrooms.co.uk/

Measurements
The ground floor footprint (GEA) of the premises extends to 446m² (4,800ft²). Measurements are taken from digital mapping and are approximate.

Planning
We are advised the premises is both Grade II Listed. The permitted use planning use class is A4 (drinking establishments). Purchasers are recommended to make their own enquiries.

Tenure
The premises is held on a 25-year FRI lease dated 2nd April 2008 at a passing rent of £10,000 per annum plus annual service charge. The rent is reviewed on a 5-yearly pattern and we understand the 2018 review has been settled.

Premium
Premium offers are invited for the leasehold interest, goodwill, social media and trade inventory.

Rates & Charges
We understand the premises is eligible for 100% business rate relief (based on a Rateable Value of £11,000).
Tenure:
Leasehold
Location Details:
Jesus Lane is located in the heart of Cambridge between the boundaries of Sidney Sussex College and Jesus College. The main shopping and recreation centres are only a stone’s throw away, as is the market square, river and Midsummer Common. Hidden Rooms is situated in a historic building at the ‘town end’ of Jesus Lane, close to Sidney Street and Bridge Street.
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