Freehold Entertainment Complex For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this large, freehold, bar/restaurant/function room & nightclub complex. The business was established by our client in 1999 and steadily grew from its conception to a level in 2006 when the weekly turnover figures were approximately: restaurant £7,000; bar £12,000; nightclub £6,000 and functions £3,000. Overall gross profit is running at around 55%. There is the option to lease the premises out with expected rental yield around £10,000 per month. In 2006 the complex was leased out to another party and in March of this year the business once again came under the control of our client. The figures quoted show the true potential of the complex and our client is only offering this for sale as he wishes to pursue other interests. Functions would be a large growth area, with people coming from near and far to avail of this exceptionally situated premises. This business is likely to appeal to hotel and leisure groups, as well as private individuals or couples looking for a lifestyle change. Bag a Business Ltd welcomes all enquiries and would urge early investigation as this is priced to sell quickly.

Property information

Property:

Freehold

Living accommodation:

PROPERTY DETAILS 3 storey, mid parade stone built building, set on an outstanding seafront location, briefly comprising; GROUND FLOOR PUBLIC BAR ú Entrance to bar via double doors ú Wooden flooring ú Tastefully decorated with large, brick feature fireplace ú 10 points of dispense ú Bar with tiling around perimeter ú 3 WCs ú Exit to stairs to restaurant ú Stairs to nightclub NIGHTCLUB ú Entrance to club from street and main bar ú Reception bar area with 6 points of dispense and 2 flat screen TV's ú Nightclub bar with 8 points of dispense ú Central sunken dance floor with perimeter railing ú Disco lighting ú Seating to sides and rear ú DJ booth ú Cold room for kegs ú 3 WCs FIRST FLOOR RESTAURANT ú Uninterrupted sea and mountain views ú 70 - 80 covers ú Bar with 5 points of dispense and tiling around perimeter ú WCs ú Entrance to large commercial kitchen ú 2 stores ú Smoking deck with canopy FUNCTION ROOM ú Marble and stone bar area ú 6 points of dispense ú Tiled area around bar ú Large dance floor with disco lighting ú WCs ú Capacity of 300 with seating for 180 ú Stage area SECOND FLOOR ú Number of stores ú Offices ú Ladies and gents changing areas EXTERNAL ú Area to the front of the building allocated for a balcony with perimeter wall. ú Yard to rear with right of way ú Option available to purchase land and house to rear if desired.

Location:

Diamond Pats occupies a prime, sea front location on the main promenade in Newcastle, County Down. The uninterrupted views from the building, over the Irish Sea and the Mourne Mountains, are fantastic. Parking is available on the street in front of the building and in the nearby car parks. There is a constant stream of traffic and pedestrians passing the establishment and the business attracts custom from a combination of locals, referrals, passers by and day trippers. Newcastle is an attractive seaside town, which attracts tourists year round but is particularly busy in the Summer months. Main attractions include; Blue Flag beaches, Donard Park, Tollymore Forest Park and Royal County Down Golf Club. Newcastle is 35 minutes' drive from Belfast and an hour and a half from Dublin.

Other information

Trading hours:

Monday to Saturday: 11.00am - 1.00am Sunday: 11.00am - 12.00am

Contact the seller