City Centre Freehold Nightclub With 2 Bedroom Flat For Sale

City Center freehold nightclub with 2-bedroom flat
price: £725,000 plus SAV, freehold
location: city centre, Essex
ref: l0050e
city centre freehold nightclub with a 2-bedroom flat occupying a high-profile position near the high street that is also uniquely located close to the mainline station, bus station, & car parks of this historic city, Essex. A nightclub with a capacity of 500 that is free of ties and measures approx. 5,500 sq ft across 3 floors. The business was established in the 1980s and has only had 2 owners within that time. The business has been operated under the same ownership for 24 years by our client, who has now brought the property to market with a genuine reason for sale due to retirement. Possible development and conversion:. The property has had a recent investment of £150,000 that included function 1 audio & lighting, along with a modern refurbishment of some areas. The business is well presented, furnished with quality fixtures and fittings, and is being sold with a full complement of equipment. The business is highly regarded in the local area and supported by a regular & mature clientele. Now mainly staff-run, we believe this offers huge potential for a hands-on owner-operator to increase revenues significantly. We are advised that our annual turnover is circa £150,000, working limited hours only on Friday & Saturday nights, offering plenty of scope. We are advised that business rates payable are £5,000 per annum. Essex and Suffolk business sales are delighted to be instructed as sole agents in selling this iconic nightclub & flat with potential development opportunities.