Land

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Land

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 & Bar with Restaurant, offering 1750 square feet of trading space and an outdoor seating area for 15 covers. The property has undergone a £300,000 plus refit in the past five years and has a 20-year lease from 2016 with rent reviews every five years. The current rent is £30,000 per annum plus VAT, which is excellent value for the property's potential. With a rateable value of £24,250 per annum, the business has a strong online presence, with a 4.9-star rating on Trip Advisor and live music on weekends. The asking price of £160,000 includes the renewable lease, goodwill, fixtures and fittings, and current stock at valuation. Viewings must be arranged through the listed office to secure this rare opportunity.