Bevois Valley Road, Southampton

Property Description ** Attention Investors - Looking for an 8% yield**
An exciting opportunity to purchase the freehold of a commercial premises containing a world renowned Nightclub, wine bar and an 11 bedroom HMO.
The current owners first opened Clowns in 1987 before buying Jesters two years later and alongside their sons have created a world famous bar and nightclub that has been the destination for thousands, being affectionately dubbed the "Palace of Dreams”.
The Official Clowns and Jesters Facebook group has 7.6K follows a testament to how well loved this venue is.
The current owners will grant a new 10 year lease on the Bar & nightclub at a rent of £48,000 P.A
The HMO has the potential of a Gross income of around £100,000 P.A
Combined gross potential of £148,000 P.A
Providing the new owner a substantial income generating investment from day one at around an 8% yield.
Viewings strictly by appointment only.

AML

Agents are required by law to conduct anti-money laundering checks on all those buying a property.
We outsource the initial checks to partner suppliers Coadjute who will contact you once you have had an offer accepted on a property you wish to buy.
The cost of these checks is £48inc vat per person. This is a non-refundable fee.
These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required.
This fee will need to be paid and the checks completed in advance of the office issuing a memorandum of sale on the property you would like to buy.

Material Information - Southampton

Tenure Type; Freehold
Council Tax Banding; N/A

Additional Information

Rooms