Leasehold Business Opportunity For Sale – Recently extensively refurbished, beer tie only ‘Bar & Diner’ premises situated in a great location in the heart of the east coast holiday industry. The property is situated close to Butlins and Fantasy Island and has been traditionally operated for 8 months of the year during the busiest part of the holiday season (March to November). Excellent turnover potential. Large first floor Function Room with Bar. Outdoor seating areas, ample parking, 3 bedroom owners accommodation included.
Tenure: Leasehold
Kitchen - 17' x 16' (5.18m x 4.87m)
Note: Kitchen equipment and appliances are included in the sale comprising:- Cooker, Fryer, Griddle, Microwave, Dishwasher, Glasswasher, Chiller & stainless steel tables.
ExternalCompoundStorageArea -
Situated to the rear of the kitchen together with outbuildings to include:-
BoilerRoom -
Housing the electric central heating boiler.
StorageRoomFreezerRooms - 13' 6'' x 13' (4.11m x 3.96m)
plus 13′ 6” x 6′ 4” (4.11m x 1.93m)
FirstFloorFunctionRoom - 30' x 21' 4'' (9.14m x 6.50m)
Fire escape, recess servery/bar.
FirstFloorResidentialAccommodation -
Comprising of:
Landing -
With radiator, walk-in storage cupboard, fire escape.
Lounge - 16' x 9' 9'' (4.87m x 2.97m)
With radiator.
Kitchen - 11' x 9' (3.35m x 2.74m)
Newly fitted with a modern range of base and wall units with worksurfaces, stainless steel single drainer sink units.
Bathroom - 10' 4'' x 8' 7'' (3.15m x 2.61m)
Newly fitted comprising panelled bath with shower over, low level wc suite, pedestal wash basin.
Outside -
To the side of the property there is an external covered area providing additional seating area.
Carpark -
There are extensive carparks to the front and rear of the property.
Tenure -
The property is let on a rolling lease for a term of 10 years from 25/02/14 at an annual rent of £44,577 per annum plus vat. For sale, subject to the assignment of the lease and satisfactory references. Landlords: Hawthorn Leisure.
AccountsTurnover -
Accounts can be made available to bonafide purchasers who have viewed the premises. The turnover is in excess of £500,000 (approximately 70% food & 30% wet sales). The property has been closed since the beginning of 2020 due to refurbishment.
Viewing -
Viewing is strictly and only by prior appointment through the agents Skegness office, Tel: 01754 896100.
RateableValue -
£17,000.
LocalAuthority -
Council Tax Band ‘A’ (owner’s accommodation) payable to Local Authority: East Lindsey District Council, Tedder Hall, Manby Park, Louth, Lincs, LN11 8UP. Tel: 01507 601111.
Free, no-obligation valuation for all properties or land in Lincolnshire and surrounding areas
Book a valuationPlease fill out the form below to arrange a viewing