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Garfunkel's, the O2 Arena FOR SALE LEASEHOLD INTEREST GARFUNKEL’S, THE O2 ARENA Greenwich, London SE10 0DX Key Highlights • World renowned concert and events space • Established lesiure destination in South East London • Short distance from North Greenwich • Adjacent to Slug & Lettuce, Byron, Frankie Underground (Jubilee Line) & Benny’s, Pizza Express, Five Guys and • GIA approx. - 355 sq m (3,828 sq ft) Gaucho SAVILLS LONDON 33 Margaret Street, London W1G 0JD +44 (0) 207 299 3088 savills.co.uk Location Tenure Located in the world renowned O2 Arena in Greenwich Held for a term of 25 years from the 24 June 2007 at which hosts a multipurpose 20,000 capacity indoor a current rent of £252,000 per annum subject to an arena along with an 11 screen cinema, a second 2,350 upwards only rent review on 24 June 2022 and five capacity arena and a number of national retail and yearly thereafter. The rent is calculated by way of a base leisure operators. rent with an additional turnover top up. The most recent annual service charge was £50,233. 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, Rateable Value Frankie & Benny’s, Pizza Express, Five Guys, Gaucho, The unit is entered in the 2017 Rating List with a Rateable Nandos, TGI Fridays, GBK and Zizzi. In addition leisure Value of £171,000. The National Multiplier for England operators include Cineworld, the ICON designer outlet, and Wales for 2018/2019 is £0.493. Oxygen Freejumping and Hollywood Bowl. The O2 has excellent transport links via the Jubilee Line to the Premises Licence Centre of London. The property has the benefit of a Premises Licence in accordance with the Licensing Act 2003. We understand Description that the premises are permitted to sell alcohol 10:00 to The restaurant comprises a unit on the ground floor of 02:00 Monday to Sunday. the O2 arena with full height glazed elevations. There is customer seating located to the front of the unit within EPC the public walkway. An EPC is in the course of preparation. Accommodation Viewings The premises are configured to provide accommodation All viewings must be arranged strictly by appointment at ground and mezzanine level and are laid out to with the sole agents Savills and under no circumstances provide a variety of tables and seating for circa 130 should any direct approach be made to any staff customers. Ancillary accommodation includes a catering members. kitchen with prep area and walk in fridge and freezer, thermostatically controlled beer cellar, staff facilities, Branding managers office and customer toilets. The former trading name and any branded items are not being included with the property which must be Approximate Floor Areas completely re-branded before being reopened. The property has the follow approximate gross internal areas. Fixtures & Fittings Fixtures and fittings with the exception of all tills, IT FLOOR AREA SQ FT SQ M equipment, leased and branded items can be included as part of the sale should they be required. Ground Floor 2,123 197 Mezzanine 1,705 158 VAT All figures quoted are exclusive of VAT. Total 3,828 355 SAVILLS LONDON 33 Margaret Street, London W1G 0JD +44 (0) 207 299 3088 savills.co.uk Source: www.theo2.co.uk ue The Aven e in n a z z e M F E G H e u n e v A e h T B A Me zza nine Contact Stuart Stares Paul Breen +44 (0) 207 299 3088 +44 (0) 207 877 4555 [email protected] [email protected] IMPORTANT NOTICE Maps 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.
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