SOLD: The Cobden, Camden

Property: The Cobden, 28-30 Camden High Street, Camden, NW1 OJH

Location: Situated on Camden High St close to Mornington Crescent underground station and Koko Music Venue. The pub forms part of the late-night leisure which includes Koko, Simmonds Bar, Be@One, The Lyttleton Arms and Belushi’s. Camden Underground station, Camden Lock, Camden Market and the Grand Union canal are all five minutes’ walk north of the pub.

Property Description: The Cobden comprises of a mid-terrace property and arranged on the ground floor and basement.
Split level open plan trade area, central bar servery, basement Kitchen and cellar.

Price: Offers invited

Property Type: Wet-led late night sports bar.

Status: Available

Internal Area: 3,354 sq ft gross.

Features: Busy high street bar, 2am late licence in prime location.

The Business: The current owners have operated this traditional Irish bar for 25 years and are looking to retire. The average weekly turnover is in the region of £12,000 per week. Staff are unaware of the sale.

Licensing: The premises licence hours are Monday to Thursday 10am-1am, Friday to Saturday 10am-2am, Sunday 10am -1am.

Tenure: The Cobden is currently held on a 30 year lease from 8th September 1994 FRI. Rent reviews every 5 years. Free of tie. Rent £98,750.
The landlord is prepared to grant a new 25 year lease with a Covid clause and a new rent free period, subject tp contract.

Rateable Value: £50,000.

Services: All main services are connected to the premises.

VAT: All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be added where applicable. In most cases VAT is reclaimable. Prospective purchasers should consult their accountant for professional advice in this respect.