Land

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Land

Albion Street, Broadstairs CT10
£80,000

Our Summary

  • Offers invited a very rare chance has arisen to purchase this amazing Cocktail Lounge & Bar with Restaurant in this Iconic art deco building set amongst the modern vibes of central Broadstairs having undergone a £300,000 plus refit around 5 years ago the property offers 1750 square foot of trading floor space and outside seating area for around 15 covers, internally it offers seating with tables to cover 54 persons the business offers breakfasts / lunch & dinners as well as offer a trendy bar/lounge feel through to the late night, massive potential still to come

Description

This iconic art deco building in central Broadstairs is home to a thriving Cocktail Lounge & Bar with Restaurant, offering 1750 square feet of trading space and an additional 15 covers outside. The property has undergone a £300,000 plus refit in the last 5 years and boasts a trendy bar/lounge feel, serving breakfast, lunch, and dinner, as well as late-night drinks. With a 20-year lease from 2016, the current rent is £30,000 per annum plus VAT, which is an excellent value considering the property's potential. The business has a 4.9-star rating on Trip Advisor and features live music on weekends. The asking price of £80,000 includes the renewable lease, goodwill, fixtures and fittings, and current stock at valuation if required. Viewings must be arranged through the listed office to secure access to the property.