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Land
Albion Street, Broadstairs CT10
£120,000
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 thriving Cocktail Lounge & Bar with Restaurant, boasting 1750 square feet of trading floor space and an additional 15-cover outside seating area. The property has undergone a £300,000 plus refit in the past five years and offers a trendy bar/lounge feel, serving breakfasts, lunches, and dinners, as well as late-night cocktails. With a 20-year lease from 2016 and rent reviews every five years, the current rent of £30,000 pa plus VAT is an excellent value. The property has a 4.9-star rating on Trip Advisor and hosts live music most weekends. The asking price of £160,000 includes the renewable lease, good will, fixtures and fittings, and current stock at valuation, making it a rare opportunity to secure a successful business with massive potential for growth.