Land for sale in 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.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 potential to add full catering is huge as in the basement is a fully equipped commercial kitchen, so this business could offer breakfasts / lunch & dinners as well as offer a trendy bar/lounge feel through to the late night, We are advised by the current owners turnover at present sits at £5650.00 pw and a gross profit at 65% this clearly can increase if the business was to be open 7 days a week morning till late, so massive potential .
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
Current trading times : Wednesday & Thursday 5-10pm, Friday 3-11pm, Saturday 12-11pm, Sunday 12-7pm
The asking price guided at £175,000 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