Restaurant for sale

London Road, Leigh-On-Sea, Essex, SS9

2,473 sq. ft. | £675,000

Property Description

Commercial information

  • 2,473 sq ft (229 sq m)

Key features

  • A Detached Character Property
  • On The Busy London Road (A13)
  • In The Same Hands For 32 Years
  • 3 Bedroom Owner/Staff Flat Above
  • Front & Rear External Spaces
  • Potential For Other Uses STPP

Full description

Tenure: Freehold

DESCRIPTION:
A distinctive detached property on the busy London Road (A13) in a total of approx. 2,500 sq.ft. Main Public Bar 900 sq.ft. and Restaurant 720 sq.ft. Commercial kitchens, ancillary and WC's etc. Upper parts comprising a spacious 3 bedroom flat let with an income of £1,140 per month including utilities. The Restaurant space is let to a 3rd party. Front and rear paved area for alfresco drinking. Our Client has owned the property since 1984 (32 years) and the sale forms part of his plans for semi-retirement. Given the nature of the location and the surrounding buildings, we believe this has significant development possibilities subject to planning.

Property 
A distinctive detached property, the ground floor totalling some 2,473 sq.ft. divided principally into a main Public Bar, adjoining 48 cover Restaurant (with its own entrance) commercial kitchen, stores, two sets of WC's, cellar/stores etc. Bar 900 sq.ft. approx. Restaurant 720 sq.ft. approx. with reception & servery. Front and rear outside spaces with rear parking for 6.

The Business 
A long established Public House in the current owners hands since 1984! Our Client has an arrangement with a 3rd party who runs an English/Continental Restaurant toward the rear of the property. That arrangement produces an income of £600 pm, but can be brought to an end allowing the purchaser to have vacant possession of the whole property on completion.

Turnover 
Sales for the most recent trading year were approx. £365,000 including VAT.

Accommodation 
Self contained and comprising 3 bedrooms, bathroom, lounge and kitchen. These parts are let and provide an income of £10,800 pa plus £240 pm for utilities.

Tenure 
Freehold.

Business Rates 
The 2010 rateing valuation describes the property as Public House & Premises with a value of £11,200, which resulted, after Small Business Rates Relief, in a liability of £4,697 for 2016/2017.

Legal Fees 
Each party is to be responsible for their own legal fees.

EPC 
A copy of the certificate is available upon request.

Potential 
We believe this will appeal to a variety of parties, including those wishing to develop the Food & Drink opportunities, and to developers for some form of residential conversion subject to planning permission.

More information from this agent

Nearest stations

  • Leigh-on-Sea (0.5 mi)
  • Chalkwell (1.5 mi)
  • Westcliff (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dedman Gray, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Leigh-on-Sea (0.5 mi)
  • Chalkwell (1.5 mi)
  • Westcliff (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dedman Gray, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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