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Investment Highlights
- NEW PRICE - OFFERS OVER £195,000 ***.
- May lease.
- Scope to develop business further.
- 203.9 sq. m. (2,195 sq. ft.).
- Retirement sale of long established business.
- Consistently profitable.
- Partial rates remission available to qualifying ocupiers.
Executive Summary
***NEW PRICE OFFERS OVER £195,000*** The subjects comprise bar/restaurant premises occupying the upper floor of a prominent two storey end terrace building. Internally the premises are well appointed in a classic style and including a wide range of memorabilia. Seating is provided for around 50 diners including 32 in a raised dining area, there are also additional poseur tables and numerous bar stools around the 3 sided bar. The property includes a large well appointed commercial kitchen together with modern customer toilets. The overall accommodation is briefly summarised as follows: Bar Restaurant Area Kitchen Cellarage Customer W.C. Facilities Staff Office Oceans 11 is a long established and popular town centre bar/diner. Our clients have owned the business for over 33 years and have reluctantly decided to sell as they now wish to retire. The business trades from 11am until 12 midnight Monday - Wednesday, 11am until 1am Thursday to Saturday and 12 noon until 12 midnight on Sundays. The current owners operate the business essentially under management, full details of the staff complement and accounts information is available upon request. All equipment is owned outright with the exception of the pool table, fruit machine and one of the juke boxes.
Property Facts
Sale Type
Owner Occupier
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
2,195 sq ft
Costar Property Class
B
Year Built
1967
Price
£195,000
Price per sq ft
£88.84
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.02
Total Plot Size
0.05 ac
Frontage
36 ft on Titchfield Street
Amenities
- Security System
1 1
Nearby Major Retailers
1 of 5
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Presented by
19 Fowlds St
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