CITY CENTRE, Essex

Property Details: • Type: 5,500 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Prime Location • Fully Fitted • Fully Licensed Premises • Attractive Business Opportunity • Freehold • Full Complement of Equipment • Recently Refurbished • Retirement Sale • 2 Bedroom Flat • Car Parking

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 128 Colchester Road, West Bergholt, Colchester, CO6 3JS

Full Description: 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.