For Sale

Freehold Investment Opportunity/Adult Entertainment Business

Leeds, West Yorkshire

£189,999 +SAV

Ref: 1786 F

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Superb Freehold Investment Opportunity.

Hilton Smythe is delighted to welcome to the market Spartan Spa, in Leeds, West Yorkshire. The adult entertainment business was established by our client 40 years ago and is only now being offered to the market due to our clients wish to retire.

The business is open 7 days per week and generates a turnover in the region of £52,000 per annum.

The business offers a selection of clean and comfortable facilities including a large Jacuzzi, sauna and steam rooms. The business has recently been refurbished to a high and modern standard with male and female changing facilities with private lockers, as well as five modern rooms with en-suite facilities and clean white towels are provided.

There is a website already in place to advertise the services provided. The business is currently run at a pace to suit our client. We feel there is scope to increase the turnover by extending the opening hours and by advertising the business in local and specialist newspapers and magazines. This is an excellent opportunity for a new owner to take this well-established business to the next level; therefore early viewing must come highly recommended.

Tenure

Freehold

We are advised Freehold.

Hours

The business is open:

Monday – Thursday: 10.00am – 8.00pm
Friday – Saturday: 10.00am – till late
Sunday: 10.00am – 8.00pm

Staff

The business is owner run and managed with 4/5 staff members as and when required.

Financial Profile

The business generates a turnover in the region of £52,000 per annum.

Location

Spartan Spa occupies substantial premises and is ideally located close to Leeds city centre, West Yorkshire. The business benefits from free on-street parking directly outside the business and is situated within a popular residential area of the city.

Roundhay Park is approximately 2 miles away from the property and is a Victorian park, which is the second largest in Europe and comprises of over 700 acres of parkland, lakes and woodland. Leeds city centre is approximately 1½ miles away and boasts all the amenities needed for everyday living, as well as a vibrant nightlife.

The area has excellent public transport links with many bus stops within easy walking distance of the property. The nearest railway station is located in Leeds city centre. The premises have excellent access to the A-road network with the A58 being less than half a mile away, which then links to the vast A-road network. Wetherby is about 11 miles away, while Harrogate is approximately 15 miles away.

Premises

Large spacious lock-up premises, briefly comprising:

Ground floor with:
Main front entrance with security video and intercom.
Reception/seating area with flat screen TV.
Kitchen/Diner.
Ladies changing room with22 x lockers and shower cubicle.
Men’s changing room with 36 x lockers.
Laundry room with washing machine and 2 x tumble dryers.
10 x storage lockers.
Small smoking room.

Lower basement with:
Fully tiled Jacuzzi room with seating for up to 20 persons.
WC and wash hand basin.
Door through to sauna for 8-10 persons.
Fully tiled steam room with seating for 8-10 persons.
Large separate shower cubicle.

Basement with:
Double bedroom with combined kitchen, WC and shower.

2nd and 3rd floors with:
7 x bedrooms with shower facilities and 2 x lounge areas.

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