Restaurant for sale

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

Sold STC 2,800 sq. ft. | £59,500

Property Description

Commercial information

  • 2,800 sq ft (260 sq m)

Key features

  • Imposing Corner Property
  • Close Junction With High Street
  • Approx. 2,800 Sq.Ft. Over 4 Floors
  • Late Night 2am Premises Licence
  • Pavement Seating For 30
  • Open Over Limited Hours

Full description

Tenure: Leasehold

DESCRIPTION:
Close to the junction with the High Street, and comprising ground floor, basement, first and second floors totalling approx. 2,800 sq.ft. Imposing corner location with pavement seating for 30. Premises Licence (permitting music & dancing) until 2am! Currently operating over limited hours.

Property 
Ground Floor: 838 sq.ft. Basement: 823 sq.ft. 1st Floor: 825 sq.ft. Second Floor: two rooms (un-measured).

Turnover 
Quarterly turnover figures, excluding VAT, are as follows: 31.10.14 £56,758, 31.01.15 £44,978, 30.04.15 £35,299, 31.07.15 £32,730, 31.10.15 £32,646, 31.01.16 £47,520, 30.04.16 £39,943. These total £289,874 and a monthly average of £13,803.

Premises Licence 
This permits the sale of alcohol on and off the premises, plays, films, indoor sporting events, live & recorded music and dancing from Monday to Sunday from 8am till 2am the following day. (A copy is available on request).

Tenure 
Leasehold. Granted for 20 years from 2004 subject to 5 rent reviews every 5th year.

Rent 
£25,000 per annum.

Business Rates 
The 2010 rateing valuation (of the basement, ground & 1st floors) shows an adopted value of £13,250. This results in a liability of £6,585.

EPC 
A copy of the certificate is available on request.

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

More information from this agent

Nearest stations

  • Southend Central (0.2 mi)
  • Southend Victoria (0.5 mi)
  • Southend East (0.8 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.

Floorplans


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

  • Southend Central (0.2 mi)
  • Southend Victoria (0.5 mi)
  • Southend East (0.8 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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