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Land
Albion Street, Broadstairs CT10
£140,000
Albion Street, Broadstairs CT10
£140,000
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 rare opportunity to purchase a thriving Cocktail Lounge & Bar with Restaurant, which has undergone a £300,000 plus refit in the past five years. The 1750 square foot trading floor space and outside seating area can accommodate up to 54 people inside and 15 outside, offering a trendy bar/lounge feel and serving breakfasts, lunches, and dinners. With a 20-year lease from 2016, the current rent of £30,000 pa plus VAT is an excellent value. The property has a Rateable Value of £24,250 pa, and its 4.9-star rating on Trip Advisor is a testament to its popularity, with music played most weekends. The asking price of £160,000 includes the renewable lease, goodwill, fixtures and fittings, and current stock at valuation, and viewings must be arranged through the agent.