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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 unique Cocktail Lounge & Bar with Restaurant, boasting 1750 square feet of trading space and an additional 15-cover outdoor seating area. The property has undergone a £300,000+ refit in the past five years and offers a trendy bar/lounge atmosphere, 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 for the property's potential. The business has a 4.9-star rating on Trip Advisor and is a popular spot, especially on weekends. The asking price of £160,000 includes the renewable lease, goodwill, fixtures and fittings, and current stock, and viewings must be arranged through the listed office.