Land

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Land

Albion Street, Broadstairs CT10
£160,000

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 trendy cocktail lounge and bar with restaurant, offering 1750 square feet of trading space and outdoor seating for 15 covers. The property has undergone a £300,000 plus refit in the past five years and features seating for 54 people, making it an excellent opportunity for a new owner. With a 20-year lease from 2016 and rent reviews every five years, the current rent of £30,000 per annum plus VAT is an excellent value. The business has a 4.9-star rating on Trip Advisor and features live music on weekends, offering massive potential for growth. The asking price of £160,000 includes the renewable lease, good will, fixtures and fittings, and current stock at valuation, making it a unique opportunity for a savvy investor or entrepreneur. Viewings must be arranged through the agent and are subject to the owner's approval.