Coventry’s "longest running nightclub" is up for sale...

Local, national, international and oddball news stories

Coventry’s "longest running nightclub" is up for sale...

Postby dutchman » Wed Oct 21, 2020 9:52 pm

The leasehold is up for grabs as the owners have decided to retire

Image

What is claimed to be Coventry’s longest-running nightclub - Scholars in Far Gosford Street - is on the market.

The fully fitted-out club, bar and music venue has been a popular location on Coventry’s social circuit since it opened in 1995.

Scholars shut-up shop at the start of the lockdown in March and its owners have now decided to sell-up and retire.

The agents selling it say the venue is in a great location and could be used for a variety of purposes - including as a restaurant.

The leasehold of the property is for sale for £49,950 - which includes all furniture and fixtures.

The particulars say the rent is £32,000 per annum and that there are no business rates.

The particulars add: “Situated within a prominent and highly visible corner position on Far Gosford Street where it meets Vecqueray Street.

“FarGo Village shopping centre is just yards away which has benefited from significant investment and offers an abundance of retail shops, bars and restaurants, all of which bring high levels of footfall to the area.

“Scholars is adjacent to Sainsbury’s local supermarket and is a short stroll from Coventry University and Coventry City Centre.”

Image
User avatar
dutchman
Site Admin
 
Posts: 36407
Joined: Fri Oct 23, 2009 1:24 am
Location: Spon End

Re: Coventry’s "longest running nightclub" is up for sale...

Postby rebbonk » Wed Oct 21, 2020 10:15 pm

I'd suggest that at present it's worth 2/5th of sweet FA.
User avatar
rebbonk
 
Posts: 51176
Joined: Thu Nov 12, 2009 7:01 am

Re: Coventry’s "longest running nightclub" is up for sale...

Postby dutchman » Thu Oct 22, 2020 5:44 pm

The so-called "trust" will buy it, with a 100% interest-free loan from the council who I think already own the freehold?

It was formerly "All Saints School".
User avatar
dutchman
Site Admin
 
Posts: 36407
Joined: Fri Oct 23, 2009 1:24 am
Location: Spon End


Return to News

Who is online

Users browsing this forum: No registered users and 2 guests

  • Ads