No longer on the market
This property is no longer on the market
Floorplan
Map11 bedroom property
Property
11 beds
11 baths
EPC rating: C
Key information
Tenure: Freehold
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Investment Opportunity
- Substantial income generator
- Freehold
- Combined gross potential of £148,000 P.A
- 11 Bedroom HMO
- Wine Bar
- Nightclub
- Call To View
* 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
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
Property information from this agent
About this agent
Hunters Estate and Letting Agent in Southampton offer a wide range of property management services. Their sales department and your dedicated sales consultant can design a bespoke marketing package tailored to your property and individual needs. Whether you are buying, selling or letting your property, we ensure that the whole process is as efficient and stress-free as possible. Hunters Southampton’s lettings department is also able to offer impartial advice to investors looking at the complex HMO market. Specialising in high quality, high return properties, we are always available to share our knowledge on how to get the best from your current property or any that you may be looking at buying.