Novus to dispose of Piccadilly Institute

03 September 2018 by
Novus to dispose of Piccadilly Institute

Novus Leisure has put one of its flagship sites, the Piccadilly Institute in London, on the market.

The bar and restaurant group, behind brands such as Tiger Tiger and Balls Brothers, is offering the 13,891 sq ft, multi-storey site with a 3am licence and 1,515 capacity as a lease assignment. The site operates as a late-night bar and club.

Danielle Agami and Tom Richards of Restaurant Property, which is marketing the site, said in a statement: "This is a unique opportunity to acquire a lease of a charming and distinct building dating 1885 in the heart of the vibrant and renowned Piccadilly Circus. The Sui Generis use and 3am licence means any prospective tenant can implement their concept with flexibility and gain the many benefits that the premises offers."

Novus sold 15 of its venues to Stonegate Pub Company in July for an undisclosed sum.

Stonegate to acquire Be At One >>

Hayfin Capital takes Novus Leisure to market >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking