Well Equipped Adult Gaming Centre For Sale

Business description

Impressive and spacious premises with electric shutters, burglar alarm system. Approx. 3,000 sq. ft. all newly fitted, carpeted, suspended ceiling, air conditioning.

55 Gaming Machines. (4 machines licenced for £500 payout, 7 machines licensed for £25 payout, balance of machines £5 payout). Thomas change machine. Drinks machine providing free drinks, in addition sandwiches are provided for customers.

To the rear of the property is a rear area providing smoking area for customers

Property information

Property:

Leasehold

Lease terms:

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 10 yeas unexpired at a rental of £30,000 p.a. exclusive of rates for the next 5 years, with rent to be agreed thereafter.

As will be appreciated with the present rental income from the 2 flats over, the net rental payable at the present time is £21,680 p.a. exclusive of rates.

Uniform Business Rates: £9,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

Included in the lease are 2 SELF CONTAINED FLATS over, each comprising: 2 Bedrooms Bathroom with bath, w.c. and wash hand basin Lounge Kitchen. The 2 flats over are at present let on shorthold tenancies and provide a total rental income of £160

Location:

Situated in a parade, densely populated residential area, WEST MIDLANDS

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £2,500 p.w. in our opinion offering further development in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 9 a.m. - 8 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for additional opening hours.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.