Investment Opportunity - Freehold Premises with Permit to Authorise Gaming by means of Gaming Machines plus 2-bed Rented Flat
Location : Ireland
Asking Price : £365,000
Turnover : £43,000
Net Profit : Undeclared
Gross Profit : Undeclared
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Freehold
Confidentially offered for sale
Ground Floor rent from licensed gaming premises circa £37,500
Rental accommodation from the flat circa £5,500 per annum
2-bed flat on 1st and 2nd floor with separate street accessBusiness Profile
This is a rare property investment opportunity with a permit authorising gaming by means of gaming machines and with a total return of circa £42,000 per annum.
This niche market operation is situated in a prime location. The premises provide licensed gaming entertainment.
The premises are a specialised investment opportunity or possible leisure company purchase.
The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Ground Floor rent from licenced gaming premises circa £37,500.
Rent from the flat circa £5,500 per annum.
The rateable value of the flat is £87,500.
The Asking Price of £365,000 is for the licensed premises and for the rented flat with the current tenants.
The ground floor shop front premises are currently let for use as a gaming club with the benefit of a valid & current gaming license. The first and second floor Accommodation/Flat is currently let on a short term tenancy at £120 per week and has separate street access.
The ground floor comprises of glass double fronted shop premises with
The apartment has its own separate access from the street. Accommodation comprises of;
Ground Floor Entrance with tiled floor, door to the rear yard and door to carpeted stairs.
1st Floor Landing leads to an open plan kitchen and sitting room with modern and pre-finished wood effect flooring. The kitchen area has a range of units with breakfast bar to accommodate four persons, a stainless steel sink and drainer and spaces for cooker, fridge and washing machine.
The bathroom comprises of a white suite and has fully tiled walls. There is a bath with shower over, a toilet and wash basin.
2nd Floor is reached via carpeted stairs and has a hot-press on the landing. Bedroom one is front aspect and bedroom two is rear aspect. Both bedrooms are carpeted.
The vendor is happy to negotiate a handover to assist with the requirements of the purchaser.
Energy Performance Rating ‘E’
Please contact us for a copy of the EPC if required
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