Land

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Land

Albion Street, Broadstairs CT10
£120,000

Our Summary

  • 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 rare opportunity to purchase a thriving Cocktail Lounge & Bar with Restaurant. The property has undergone a £300,000 refit in the past five years and offers 1750 square feet of trading space, including an outside seating area for 15 covers. The business serves breakfast, lunch, and dinner, and has a trendy bar/lounge atmosphere that attracts customers late into the night. With a 20-year lease from 2016 and a current rent of £30,000 per annum, plus VAT, this is an excellent value proposition. The property has a 4.9-star rating on TripAdvisor and is a popular spot for music events on weekends. The asking price of £160,000 includes the renewable lease, goodwill, fixtures and fittings, and current stock at valuation. Viewings must be arranged through the agent and the owners.