The Lost Lounge

Under Offer!

The Lost Lounge

Address:

32 Ranelagh Street
Liverpool
L1 1JQ

Tenure:

Leasehold

Guide Price:

Guide Price including all business fixtures and fittings but excluding all stock £135,000

Other Key Points:

  • 02.00 a.m. Premises Licence
  • Prime City Centre location
  • 180 Customer capacity
  • Excellent potential

Location

Additional Information

About The Area

The Lost Lounge is located on Ranelagh Street, Liverpool City Centre and is close to Liverpool Central Railway Station. It is situated in a busy trading area comprising of restaurants, bars and popular pubs and is a 5-minute walk to Concert Square which is the busiest circuit in the city.

Property Description

Ground Floor - Customer Capacity 100

The main entrance of The Lost Lounge leads into the main bar area which has been designed and furnished in a relaxed style, with bench tables some fixed wall seating and a number of large seating cushions.

The bar servery is well equipped with bottle beer and wine cooling cabinets, a glass washer two ice makers an EPOS till and coffee machine. There is a wide selection of beer dispense pumps and spirit optics.

Ladies, Gents and Disabled toilet facilities are located on this floor.

First Floor - Customer Capacity 180

Accessed via an internal staircase, this area is used mainly for private parties and live music entertainment. There is a DJ unit equipped with a sound-to-light-system and a large dance area.

Fixtures And Fittings

All fixtures and fittings are to be included in the sale. Any items that are owned by a third party or personal to our clients will be exempt.

General

The Lost Lounge has the trading advantage of a Pavement Licence for approximately 32 customers. There is air conditioning throughout, CCTV both inside and outside and a security alarm system.

Permitted Hours

Sunday to Thursday - 11.00 a.m. until Midnight
Friday & Saturday - 11.00 a.m. until 02.00 a.m.

Licensed Trade Associates has not examined any licence documentation and any future buyer must arrange with their solicitors to verify this information.

Energy Performance Certificate

An energy performance certificate is being prepared by our client and will be made available to prospective purchasers in due course.

Tenure

The Lost Lounge has the benefit of a 10-year lease with 4 years remaining. The present rent is £75k per annum and business rates payable 2021/2022 £30k.

Licensed Trade Associates has not examined any lease documents and any future buyer must arrange with their solicitors to verify this information.

Accounts

There are limited management accounts available following an accompanied formal viewing.

Guide Price

Price including all business fixtures, fittings and goodwill but excluding all stock £135,000.

Viewing And Confidentiality

All arrangements to view are strictly by appointment through Mr Bob Collins and no approaches whatsoever must be made to the owner or the business. For an appointment to view please telephone Bob Collins on 07721 329999.

Agents Notes

Prospective purchasers should make their own enquiries as to the adequacy and present condition of all service installations and related equipment at the property, whether or not referred to in these particulars. Licensed Trade Associates for themselves, and the vendors or lessors of this property, whose agents they are given notice that - (1.) The particulars are set out as a general outline only, for guidance to intending purchasers or lessees, and do not constitute either in whole or part of an offer or contract. (2.) All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and intending Purchasers or Tenants should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of same. (3.) No persons in the employment of Licensed Trade Associates have any authority to make or give any representation or warranty whatsoever in relation to this property. All prices are quoted exclusive of VAT unless otherwise indicated.