Leisure/hospitality for sale
City Centre, Essex CO1
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Property features
- Prime Location
- Close to Local Amenities
- Fully Licensed Premises
- City Centre Location
- Fully Fitted
- Established Business
- 2 bedroom flat
- Potential development opportunity
- Call essex and suffolk business sales
Property description
price: £725,000 plus sav – freehold
location – city centre, essex
ref: L0050E
city centre freehold nightclub with 2 bedroom flat occupying a high-profile position near the high street that is also uniquely located close to mainline station, bus station & car parks of this historic city – essex. A nightclub With a capacity of 500 that is free of tie and measures approx. 5,500 sq ft across 3 floors. The business was established in the 1980’s 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 STPP. 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 supported by a regular & mature clientele. Now mainly staff run we believe this offers huge potential for a hands-on owner operator to significantly increase revenues. We are advised annual turnover is circa £150,000 working to limited hours only open Friday & Saturday nights therefore offering plenty of scope. We are advised business rates payable are £5,000 per annum. Essex and Suffolk business sales are delighted to be instructed as sole agents in the sale of this iconic nightclub & flat with potential development opportunity STPP.
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
For more information about this property, please contact
Essex and Suffolk Business Sales, CO6 on +44 1268 987023 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Essex and Suffolk Business Sales, and do not constitute property particulars. Please contact Essex and Suffolk Business Sales for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.