Old Tom's gin palace and bar

Ref : L1829

Price

Business Price : £265,000.00 SAV
Freehold : £265,000.00 SAV SOLE AGENTS

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.

  • Impressive Gin Palace and Bar.
  • Prime site adjacent to the university and commercial centre of Plymouth.
  • Newly refurbished trade area licensed for 250 persons.
  • Free house with 4am licence.
  • Historic turnover approximately £360,000 per annum. Healthy net profits.
  • Purely wet trade. Genuine potential for food.
  • Run under management.
  • Tremendous future trading potential.
  • Unique opportunity. Viewing strongly recommended.

Old Tom’s occupies a prime and highly sought after trading position on North Hill, only a short walk from Plymouth University and main city centre.  North Hill itself is recognised as one of the main commercial areas of Plymouth, and is also located close to the main university campus, with the main student halls of residence located nearby.  Plymouth University proves to be increasingly popular year after year, and continues to expand and, as a result, the business has over the years enjoyed a profitable year round trade.

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.  

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Office Address

Huntley & Partners
Spargo House
10 Budshead Way
Plymouth
Devon
PL6 5FE

Telephone

01752 206020

(24hr answering service)