Being a local, this is the pub/restaurant I visit most often, whether it is a chat over few beers with a friend, or office party or birthday celebration.
There is a great terrace with nice view over the not-so-known parts of Prague (Vrsovice mostly), unfortunately it must be closed by 10 pm due to local regulations.
The bar is very good for beers, drinks and bar food. To be honest I haven't tried to have a lunch there, although I know they offer lunch menus.
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