London’s
The 15,200 sq ft space at
Competitive socialisation has become increasingly common in recent years and will likely continue its trajectory as retail and hospitality compete for customers once restrictions fully lift.
“Securing a prime site like this is as good as it gets in our industry,”
“This site brings us a step closer to our strategic vision of becoming the UK’s preeminent experiential leisure company, and we are confident that our uniquely competitive offer, will resonate deeply with customers in London”.
BBB has agreed to a fifteen-year lease, without break, at an initial minimum rent of £625,000 per year, with a further turnover top-up – but it will receive six months’ rent for free and a landlord contribution of £500,000.
Although the letting remains conditional until an alcohol licence has been acquired.
“The quality and location of the building are clearly resonating with both retail and office occupiers alike and we have encouraging interest in the remainder of the space”.
The post Nightlife bounce back: Boom Battle Bar bags prime
© City AM, source