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Investment Opportunity - Freehold Premises with Permit to Authorise Gaming by means of Gaming Machines plus 2-bed Rented Flat

Ref. CR195

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


  • Turner Butler

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Asking price includes:

Ground Floor rent from licensed gaming premises circa £37,500

Rental accommodation from the flat circa £5,500 per annum

Gaming license/permit

2-bed flat on 1st and 2nd  floor with separate street access

Business 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.

Financial Information:

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.

Investment Opportunity Return

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. 

Asking Price:

The Asking Price of £365,000 is for the licensed premises and for the rented flat with the current tenants.

Premises:

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.

Ground Floor Premises

The ground floor comprises of glass double fronted shop premises with

  • A front gaming area
  • Office and lobby
  • Fully tiled WC in the rear lobby
  • Separate rear area.

Apartment

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.

Support and Training:

The vendor is happy to negotiate a handover to assist with the requirements of the purchaser.

EPC

Energy Performance Rating  ‘E’

Please contact us for a copy of the EPC if required

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk