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Land
Albion Street, Broadstairs CT10
£120,000
Albion Street, Broadstairs CT10
£120,000
Price History
Initial price | £160,000 |
18/07/25 | £140,000 |
30/07/25 | £120,000 |
Price Change | -25.00% |
Description
This iconic art deco building in central Broadstairs is home to a unique cocktail lounge and bar with restaurant, offering 1750 square feet of trading space and an outside seating area for 15 covers. The property has undergone a £300,000+ refit in the past 5 years and boasts a trendy bar/lounge atmosphere, serving breakfast, lunch, and dinner, as well as offering late-night drinks. With a 20-year lease from 2016 and a current rent of £30,000 pa plus VAT, this is an excellent value opportunity. The property has a Rateable Value of £24,250 pa and is rated 4.9 on Trip Advisor, with live music most weekends. The asking price of £160,000 includes the renewable lease, goodwill, fixtures and fittings, and current stock at valuation if required. Viewings must be arranged through the listed office.