Leigh Road, Leigh-on-sea, SS9

Location

Situated in a highly desirable wrap around corner location, along a bustling parade of shops in the ever popular and affluent area of Leigh-on-Sea. The premises is surrounded by a diverse range of other business types including an accountant, estate agent and various other eateries. The location benefits from high levels of footfall and vehicular passing trade.

Tenure

We are advised there are approximately 3 years remaining on the lease, at a current rental of £10,800 per annum exclusive.

Premises

End of terrace, corner retail shop with glazed wrap around frontage, facia board and single half glazed entrance door leading into the premises which measures approximately 275 sq. ft. and is arranged as follows:



MAIN COFFEE SHOP AREA with laminate flooring, spot lighting and air conditioning unit. The premises is currently arranged to provide 9 breakfast bar covers and a centrally located seating area for a further 5 seated covers. To the right hand side of this main area is a customer coffee prep zone and at the rear of this area is a serve over counter and chilled display counter. Behind the counter is equipped with fridge/freezer, 2 group coffee machine, coffee grinder, 2 x commercial blenders, 2 x stainless steel sink, 4 slice toaster, microwave, under counter fridge, under counter freezer, food processor and a serve through hatch which opens into the rear courtyard area.

Courtyard

Externally, at the rear of the premises is a gate leading into a COURTYARD SEATING AREA that is currently set up for 16 covers on a slightly raised deck area with the hatch serve through previously mentioned above. Beyond this area are 2 storage sheds, 1 is included under the terms of the lease, the other is utilised by our client with a verbal agreement with the owner, however, does not fall under the terms of the lease. Beyond the sheds is the WC with wash hand basin.

Trading Hours

Monday - Friday 9 am - 3 pm, Saturday 9 am - 6 pm and Sunday 10 am - 3 pm. We are advised the premises is licensed for the sale of alcohol between the hours of 12 pm - 11 pm.

Staff

The business is run by one of our clients on a part time basis with a full compliment of staff.

Turnover

Gross turnover of approximately £2,500 per week, working to the usual high gross profit margins associated with the trade.

Business Rates

The premises is subject to a rateable value £9,200 resulting in Zero business rates payable, should small business rate relief apply to a purchaser.

Legal Costs

Each party are to be responsible for their own legal costs incurred in the transaction, with the landlord's legal cost be split 50/50 based on a lease assignment. If a new lease is granted, then each party are to be responsible for their own with the landlord's legal costs involved in the surrendering of the existing lease to be the responsibility of the vendor and the Landlords legal costs involved in the granting of the new lease to be the responsibility of the purchaser.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.