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Closed A3 Licensed Restaurant Premises For Sale

Bridlington, East Riding of Yorkshire, UK
Asking Price:
Available on request
Net Profit:
Available on request

CLOSED A3 LICENSED RESTAURANT PREMISES in Bridlington for Sale / to Let.

A substantial former restaurant with living accommodation, over three floors (plus cellar) and located on one of the busiest main streets in this very busy East Coast seaside town. The building is highly prominent and offers a ground floor lounge bar area (30), large double fronted first floor restaurant that would easily accommodate at least 60 diners, fully fitted and commercially equipped catering kitchen, additional utility areas on the upper floors include ladies and gents customer toilets, wait station, storage room and even a former two bedroomed flat to the second floor which is self-contained with a fitted kitchen and bathroom (residential use subject to fire regulation compliance). The restaurant until recently traded as an American themed Steakhouse and the premises generated a rental income of £17,500 per annum. Our client will consider offers for the freehold interest in the property, or proposals from interested parties wishing to rent the premises for commercial uses. The premises currently has A3 planning consent for restaurant, but would certainly suit other uses, subject to the necessary permissions being granted. The trading name Wild Bill’s is not included and does not form any part of the sale. With certainty, the property would be of interest to property investors as we feel that once let, the premises would easily attract a return on investment in excess of 10% per annum. EPC Band D.

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