Land for sale

Albion Street, Broadstairs CT10

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
There is a 20 year lease from 2016 with rent reviews every 5 years next being due late 2026.
The current rent is £30,000 pa plus VAT which is excellent value for what is on offer
The Rateable value is £24250 pa this is not the amount payable but against which the current rate is applied
Rated 4.9 on Trip Advisor / Music most weekends
The asking price guided at £160,000 is to secure the renewable lease, Good Will, Fixtures & Fittings, current stock at valuation if required
Viewings must be made via this office and arranged with the owners // access will not be granted otherwise