Skip to content

The Pink Palace, Rottenstone Lane, Scratby, Great Yarmouth, Norfolk, England, NR29 3QT

£1,200,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

Ask agent

SECTOR

Leisure facility for sale

Key features

  • Turnover for the Y/E 05/04/2023: £412,584
  • Gross Profit for the Y/E 05/04/2023: £291,200
  • Surrounded by well established holiday parks
  • Close proximity to California Cliffs beach
  • Same family ownership for c. 40-years
  • Finance available, subject to status, via Christie Finance. Energy Rating B
  • Christie & Co Ref: 1490010

Description

Description

This profitable family amusements centre comprises a single storey, purpose built arcade of brick construction, dating back to the 1980’s, having formerly been occupied by a residential bungalow.

The property has a traditional glazed frontage with illuminated canopy featuring The Pink Palace branding.

Internally, the arcade is primarily open plan and the main entrance leads to the arcade floor, which features a good mix of modern machines including pushers, cranes, cash prize fruit machines and redemption/ticket machines.

Location

Located in the costal village of Scratby, six miles north of Great Yarmouth in Norfolk. The site is also ideally positioned opposite the popular California Cliffs Caravan Park.

There are a number of other holiday parks in close proximity as the area experiences a high influx of visitors during the summer months.

The village is situated off the busy A47 and A149 trunk roads, with the A12 lying to the south, which are the main tourist routes serving the local area

Internal Details

Inside there is a centrally positioned change kiosk on the rear wall, adjacent to a dedicated bingo area, which has been reduced in scale in recent years to accommodate additional machines.

To the rear is the over 18’s/higher jackpot area, with a good range of modern machines. There is part perimeter and fluorescent strip lighting.

To the left-hand side is the cash office and staff WC, and a prize storage area to the rear with an internal staircase leading up to a small landing, off which are located further stores and a managers office. There is an external fire escape leading down the side of the building into a passageway, which connects back to the front of the building.

Fixtures & Fittings

We are advised by our clients that the fixtures and fittings are wholly owned and will be included within the sale.

External Details

Externally, there are parking spaces for up to four vehicles adjacent to a private road, with a forecourt area used for attractions and rides during the warmer months, along with a vending machine.

The Opportunity

This profitable amusements and bingo hall comes to the market for the first time in over 40-years, after being family operated during this time.

Ideally positioned opposite the California Cliffs Holiday Park, and surrounded by other, well-established Holiday parks, with ample free customer parking to the front.

Potential exists to increase trade via bringing the current takeaway operation (currently let under a tenancy at will) in-house.

There is currently a tenant in situ under a tenancy at will act. Further details can be provided to seriously interested parties.

Staff

Further staffing details will be disclosed to seriously interested parties.

Trading Information

Accounts for year ending 05/04/2023, show sales of £412,584 and an adjusted nett profit of c. £160,000.

Further and more detailed trading information will be made available to interested parties following a viewing of the business.

Trading Hours

Monday - Sunday

10:00am - 11:00pm

Note - the site is closed through the "off season" which is typically from the end of October through to mid-February.

Tenure

Freehold.

Please note that the hot food takeaway is held under a tenancy at will, at an annual rent of £12,000.

Business Rates

The VOA web portal states that the current Rateable Value from 1st April 2023 is £25,500.

Energy Performance Certificates

EPC 1

Brochures

The Pink Palace, Rottenstone Lane, Scratby, Great Yarmouth, Norfolk, England, NR29 3QT

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Great Yarmouth Station4.5 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Christie & Co, Retail

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll disco

More properties from Christie & Co, Retail

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 1490010-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.