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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 offers a unique opportunity to purchase a thriving Cocktail Lounge & Bar with Restaurant. The property has undergone a £300,000 refit and boasts 1750 square feet of trading floor space, with an additional 15-cover outdoor seating area. The business serves breakfast, lunch, and dinner, as well as offering a trendy bar and lounge atmosphere in the evenings. 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 property has a 4.9-star rating on TripAdvisor and hosts live music most 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 agent.