Leisure Facility for sale

4 Gravesend - DD11

£299,995

Property Description

Commercial information

  • Business for sale

Key features

  • New Beer Garden for 2015
  • Modern Bar and Lounge Areas
  • Nightclub Upstairs licensed for 250
  • Late Food Licence

Full description

Tenure: Leasehold

Description
Coast is a well presented restaurant/bar and nightclub which has been run by the current proprietor for 5 years. The current proprietor has carried out extensive refurbishment to the entire property throughout the 5 years and has placed the business on the market due to relocation. The business is presented to a high standard and benefits from much repeat custom. In addition to support from the local community, marketing is carried out through the business’ own informative website www.coastrestaurantbar.co.uk

Situation
Arbroath lies on the North Sea coast, around 16 miles of Dundee and 45 miles from Aberdeen. Attractions during the summer months include the Seafront Spectacular, which includes an airshow and the Seafest which is themed around Arbroath’s maritime heritage. Arbroath is served by the A92 road which connects the city to Dundee and Fife to the south west and Stonehaven in the north east. The A92 joins the A90 north of Stonehaven and leads to Aberdeen further north. The A92 is a dual carriageway from the southern outskirts of Arbroath to the northern outskirts of Dundee, the A92 proceeds through Dundee before crossing the Tay estuary into Fife via the Tay Road Bridge.

Building internal
On entering the property from the front entrance you are welcomed into the bar/restaurant area which is open plan. This area is finished in modern décor with 72 covers of wooden tables and cushioned back chairs aswell as cushioned booths. The kitchen is situated to the rear of the property and is fitted to a high standard with all modern equipment that you would expect with a commercial kitchen in this type of business. There is also a separate food preparation and storage area located at the rear of the building. On the upper level is the nightclub which is licensed for 250 with various seating areas from booths to high leather cushioned seating areas no expense has been spared on the refurbishment of this area. Coast nightclub also benefits from a unique spirit and cocktail dispense system which is the only we know of that is currently in operation in Scotland.

Building External
Front of the property is straight to street with parking available around the property. We have also been advised that planning has been granted for a beer garden to the front of the property.

Services
The property has mains water, gas, drainage and electricity.

License
The business trades with the benefit of a full license.


Accounts
Turnover figures are available after a formal viewing has taken place

Summary
Coast Bar & Restaurant offers any potential buyers with a fantastic walk in opportunity in an already well run and profitable business.

Price
Offers over £299,995 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Tenure
The current lease has 18 years to run with annual rental of £35,000.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 477 6060.


Nearest stations

  • Arbroath (0.2 mi)
  • Carnoustie (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Arbroath (0.2 mi)
  • Carnoustie (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 42986. 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 ALTIUS GROUP LIMITED, Bruce & Co. 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.

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