Pot Black Snooker Club

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A unique opportunity has arisen to purchase the freehold of this exciting new business with potential for expansion.

Details

  • Price: £130,000
  • Bedrooms: 0
  • Tenure: freehold

Full Description

LOCATION
Situated just off Regent Street in the centre of Shanklin is the Pot Black Snooker Club, close to all local amenities and with associated parking.

Shanklin, located to the south east of the Island, is a very popular shopping and tourist destination and has a resident population circa 9072 (2011 census) and this number is greatly increased during the summer months.

DESCRIPTION
Single storey building set just off Regent Street and measuring 17.64 m x 15.69 m. The building has undergone recent refurbishment and has a bar and kitchen area with store. Ladies and Gents WC.

Within the club are 3 snooker tables, 2 American pool tables and 4 English pool tables.

Currently the club is open from 10:30 am until 10:30 pm six days a week (closed on Sundays). This suits the current owner but longer trading hours and Sunday opening would be available for a new owner if required. This opportunity gives an ideal business for a couple or partnership to run.

Outside there are 5 parking places on an 80 year lease which are available all day (there is no rent to pay) and a further 5 places available from 6 pm onwards on weekdays, 1 pm to 11:30 pm on Saturdays and 8:30 am to 11:30 pm on Sundays.

Offered for sale is the freehold of the property along with the associated up and running business.

TERMS
Our client is asking for offers over £130,000 for this freehold unit with the benefit of the business, fixtures, fittings and goodwill.

OUTGOINGS
The VOA shows a rateable value of £11,750. Using the current UBR the rates payable would be circa £5900. The current owner qualifies for small business rates relief.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727 or email commercial@hrdiw.co.uk to organise a suitable time.

Estate Agent Details

Commercial Office
138 High Street
Newport

Phone: 01983 527727
Fax:
Email: commercial@hrdiw.co.uk