BUSY SOCIAL CLUB
Ref : L1625
Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.
- Thriving fully licensed members social club.
- Popular entertainment and clubland area of Plymouth.
- Substantial lock-up premises (approx. 220sqm) with large lounge bar, servery, dance floor/small stage, cloaks, office and cellar area.
- Well established with loyal customer base.
- Turnover approx. £131,500 per annum with gross profit approx. £75,000 per annum.
- Retirement sale after 24 years.
- Viewing highly recommended.
The Octagon Social Club is located in a prominent trading position in the heart of this historic clubland and entertainment area of Plymouth, within a kilometre of the main city centre and commercial district of Plymouth. The surrounding area is a mixture of commercial and residential property with numerous multi-storey flat developments and private housing, and it is also close to the multi-million pound regeneration areas of Millbay and Stonehouse.
Plymouth, with a population of over 250,000 is the largest city in the West Country. Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.
The premises are lock-up and briefly comprise a large single storey property under a pitched metal roof. The property has been well maintained and briefly comprises a large lounge/bar area, servery, cloakrooms and cellar at ground floor level together with an office and large ancillary storage area to the first floor. We understand that planning permission had been granted previously to provide a large first floor function suite with owner’s apartment to the first and second floor. Whilst this has now expired, it does offer potential for future development under new owners. A viewing appointment is recommended.
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