Land

>

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 rare opportunity presents a unique chance to purchase a thriving Cocktail Lounge & Bar with Restaurant in a stunning art deco building in central Broadstairs. The property boasts 1750 square feet of trading space, including an outside seating area for 15 covers, and can accommodate 54 patrons inside. 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 offers a trendy bar/lounge atmosphere and serves breakfast, lunch, and dinner, with massive potential for growth. With a 4.9-star rating on Trip Advisor and live music on weekends, this property is a gem waiting to be seized. The asking price of £160,000 includes the renewable lease, goodwill, fixtures and fittings, and current stock at valuation, making it a fantastic investment opportunity. Viewings must be arranged through the listed office to secure access.