Pure Nightclub In Newquay Freehold Or Leasehold For Sale

Business description

Pure Newquay, Cornwall's 1060 capacity superclub in the UK's number one destination resort for clubbing is for sale complete with lap dancing licence.

Pure Nightclub was launched in May 2009 following an extensive refurbishment of the former Talltrees Nightclub which had occupied the site for some 30 years. Pure, owned and operated by the Pure Group is for sale following its first successful summer season as the Pure Group refocuses it's club activities on the overseas club market for 2010.

Fitted with the latest state of the art Sound and lighting equipment in a fully refurbished venue, the club is ready to trade. Licensed until 3am days a week (4am on Bank Holiday weekends) and with a Licence for Lap Dancing (although not currently used) - this superclub sets the standard in Newquay and Cornwall.

Various options are available for interested purchasers including leasehold and freehold options.
Leasehold - 15 year lease fully fitted and ready to trade with option to purchase freehold 750,000GBP
Leasehold - 15 year lease without tenants fixtures and fittings (sound, lights etc) with option to puchase Freehold 500,000GBP
Freehold - ready to trade 1.5m GBP
Freehold without tenants fixtures and fittings (sound, lights etc) 1.25m GBP

4 Rooms/4 Dancefloors/1 VIP room/6 bars
4 Bedroom Apartment

All newly refurbished to high standard

More information contact below.

Property information

Property:

Leasehold

Lease terms:

15 year lease from March 2009. Rent 50,000 GBP with 5 yearly fixed RPI rent reviews
Limited repairing to initial schedule of condition which was prior to the full refurbishment so condition not really relevant
No service charge
OPTION TO PURCHASE FREEHOLD AT FIXED PRICE AT ANY TIME WITHIN LEASE TERM
Within first 3 years freehold is fixed at 800,000GBP
years 4 - 6 freehold is fixed at 800,000GBP plus RPI increase
year 7+ twenty times the passing rent

Leasehold rent:

£50,000 per annum

Living accommodation:

A newly refurbished high spec apartment is included. 4 bedrooms 1 lounge/dining hall 1 bathroom 1 kitchen Outside terrace

Location:

Situated within easy walking distance of the Town Centre, Pure Newquay is located in Tolcarne Road, Newquay

Premises details:

A nightclub has traded on the current site for some 30 years. Pure completely refurbished the premises in early 2009 ready for the summer season.

This 1060 capacity nightclub is spread over two levels and have four separate dancefloor areas and a VIP area.

The Premises is available on either leasehold or freehold basis (a lease would incorporate an option to purchase at any stage during the lease with a fixed price structure) Ideal opportunity for an operator to take on the premises on a lease to test their product before committing to the freehold purchase.

The freehold purchase of this site which is approx 1 acre could be redeveloped into houses, apartments or the ever popular "surf pods" - subject to Planning Permission.

Other information

Expansion potential:

Pure quickly established itself as a credible clubbing venue in the heart of Cornwall, providing an experience not previously catered for locally to this standard.

The premises do have a full lap dancing licence which is in force but has not been operated as part of the Pure brand experience. The premises would lend itself easily to splitting into two to provide a lap dancing club and maintain a largescale superclub for the mass tourist market.

Planning consent:

Planning consent for operation of nightclub in place
The venue is fully licensed by Cornwall Council under the Licensing Act 2003

Competition / Market:

Newquay is the UK's number 1 clubbing destination for the summer season - the UK's answer to Ibiza ! Whether it be the destination of choice for Stag Parties, Hen Parties, Students, Surf enthusiasts - Newquay offers the full party package on home turf ! There are numerous bars, restaurants, clubs, hostels, hotels, campsites etc which cater for the influx of approx 100,000 tourists during the summer season, yet Pure is in a league of its own fitted out as part of a superclub brand.

Support & training:

The Pure Group can provide a full management package to any prospective buyers that may need assistance. The management package can be tailored to the buyers requirements and can be from the full day to day operation through to purely a consultancy arrangement. Pure Group would also be willing to licence the use of its"Pure" nightclub brand to suitable operators.

Reasons for selling:

The Business is owned and operated by the Pure Group. Following completion of another large Pure Group project, the Pure Group is intending to focus on it's overseas operation and maintain only it's Venue Management Services division in the UK.

Trading hours:

7 days per week during the season - June to September
10.30pm to 3am (4am on Bank holidays)

Financing available:

Deferred payment terms may be offered to suitable purchasers (Subject to status)

Website:

www.purenewquay.com

Related documents:

• 
• Pure Newquay Sample Press Coverage 2009

Video:

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