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Restaurant for sale

Clarence Street, Southend-on-Sea, Essex, SS1

Sold STC 7,820 sq. ft. | £975,000

Property Description

Commercial information

  • 7,820 sq ft (726 sq m)

Key features

  • Established Pub/Bar & Restaurant
  • Handsome Two Storey Building
  • Bar/Restaurant & Function Space
  • Ground/1st Floor Approx. 2,800 Sq.Ft.
  • Another 4,560 Sq.Ft. Of Unused Space!
  • Impressive 66 Feet Frontage

Full description

Tenure: Freehold

DESCRIPTION:
One of the Towns most popular Pubs/Bars for sale after more than 20 years in the current owners hands. Impressive frontage to Clarence Street, the ground floor trading area in approx. 1,630 sq.ft. plus ladies, gents & disabled persons WC's. Feature Bar area with cobbled floor and vaulted ceiling, flanked both sides with seating space. Basement cellars. 1st floor totalling approx. 1,630 sq.ft. comprising function areas, Bar, Commercial Kitchen, additional WC's and Office.

Permitted Hours 
Monday to Sunday from 8am till 2am the following day. On Public & Bank holidays the hours are extended until 3am.

Tenure 
Freehold. Alternatively, a new lease of the property for a number of years to be agreed, at a rent of £48,000 per annum, and a premium for the business and fixtures and fittings of £100,000.

Business Rates 
The 2010 Rateing valuation describes the property as Public House & Premises, with a value of £42,750, resulting in a liability of £21,246.

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

Property 
Clarence Yard is one of Southend's premier social venues, a popular authentic courtyard bar with plenty of atmosphere. Located in the centre of Southend, close to the railway station, the building was originally a mid-to-late 1800's Bakery, and the yard was used as a loading bay and stabling area for horses. Over the last number of years, the building has been restored and renovated, retaining the original cobbled stone courtyard. One of the Towns most attractive buildings with an impressive frontage. Ground Floor approx. 1,630 sq.ft. plus WC's. and store. Basement/Cellar approx. 270 sq.ft. First Floor totalling approx. 1,630 sq.ft. including secondary WC's Kitchen & Office. To the rear of the property, there is another building comprising some 4,560 sq.ft. split evenly over ground and first floors, together with a 1,350 sq.ft. walled garden and a small parcel of open land.

Hours 
Monday to Saturday 12 noon till late, Sundays 12 noon till 10.30pm.

Premises Licence 
The Premises Licence authorises the sale of alcohol for consumption on and off the premises, late night refreshments and regulated entertainment including films, plays, indoor sporting events and music and dancing.

More information from this agent

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