Restaurant for saleLondon Road, Leigh-On-Sea, Essex, SS9
2,473 sq. ft. | £675,000
- 2,473 sq ft (229 sq m)
- 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
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.
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.
Sales for the most recent trading year were approx. £365,000 including VAT.
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.
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.
Each party is to be responsible for their own legal fees.
A copy of the certificate is available upon request.
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.
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.
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