The reopening of The Black Cap is moving ever closer as new bosses are sought to take over the iconic North London gay venue.
The Black Cap in North London could be re-opening soon, as long as new bosses can be found for the venue. The owners of the venue, Kicking Horse, have agreed to look for new tenants in order to re-open after it closed two and half years ago.
Black Cap Foundation, the community campaign group set up to reopen the venue, has been working with the freeholders of the Black Cap site, to finalise the property and business details.
However prospective owners will have to prove that they are financially viable and stable before they can even have a walk through the building and it’s not cheap. Paperwork for the venue shows that a “significant amount of capital investment” in the region of £900,000 will need to be spent on the venue because it has been closed for such a long time.
The leaseholders are looking for a whopping yearly rental of £300,000 for the venue which has a prime location near to Camden market, the tube line and the high street.
Black Cap Foundation director Alex Green said, “We’re thrilled at this agreement. This is a crucial step towards our goal of reopening the Black Cap, and we welcome the cooperation of the freeholders and the support of Camden council and the GLA in making that a reality.
“We’ve always believed the Black Cap’s unique, irreplaceable legacy of community and culture is worth fighting for, and can’t wait to see how it will be reinvented next.”
A spokesperson for Kicking Horse said, “We very much hope to find the leaseholder with the right vision, experience and resources to begin a brand new chapter for this world-famous venue.”
Interested parties are encouraged to contact Alex Green/Chris Clark of the Black Cap Foundation on [email protected] and Paul Tallentyre of David Coffer Lyons sales agent on [email protected] for further details.