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Bar Vasa continues to welcome patrons
20 August 2010
Bar Vasa, a Mediterranean style restaurant/bar with private hire facility situated on the Esplanade in Folkestone, is open for business as usual, despite entering into receivership in June.
Chris Stevens and Ian Vickers, Partners at FRP Advisory LLP, the restructuring, recovery and insolvency specialists, were appointed Joint Receivers of the property at 4-5 The Esplanade, Sandgate, on 14 June 2010.
Commenting on the case, Chris Stevens said: “Trading is ongoing and the bar, restaurant and private hire VIP lounge are very much open for business as usual. Meanwhile, a purchaser is being sought for the freehold.”
The property also contains four long leasehold flats on the second and third floors.
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