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Restaurant for sale

Hockley Road, Rayleigh, Essex, SS6

£250,000

Property Description

Key features

  • Distinctive Grade II Listed Building
  • Approx. 2,100 Sq.Ft. Overall (2 Floors)
  • Fronting Large Public Car Park
  • Covers For 74 Overall
  • Modern Themed Restaurant
  • 20 Year Lease From 2015

Full description

Tenure: Leasehold

DESCRIPTION:
A distinctive grade II listed timber framed building dating back to the 16th century. Recently converted to a modern themed Restaurant over ground and first floors. Seating 30 at ground floor plus another 44 at first floor. Approx. 2,100 sq.ft. overall. Fronting a municipal car park offering free parking after 7pm.


Tenure 
Leasehold. Granted for 20 years from June 2015 with 3 yearly rent reviews.

Rent 
£36,000 per annum. The lease provides for the 1st year to be rent free, the 2nd and 3rd years at half rent. Therefore, until June 2018, the liability to rent is £18,000 per annum.

Business Rates 
The 2010 rateing valuation shows an adopted value of £8,400.

Legal Fees 
Both parties are to be responsible for their own legal fees.

The Property 
A very attractive grade II listed building offering some 2,100 sq.ft. over ground and first floor levels. The property has been sympathetically converted to a modern themed Restaurant, the conversion having been completed at the end of 2015, at a cost of some £250,000. All of the original period features remain.

Hours 
Closed on Mondays. 5pm till 10pm Tuesday, Wednesday & Thursday and until 11pm on Friday and Saturday. Sunday 12noon till 7pm.

Turnover 
These average £12,000 per week including VAT. The business was officially opened in December 2015, and is still therefore in its formative period.

Premises Licence 
The Premises Licence permits the sale of alcohol and recorded music from Monday to Sunday 12noon till midnight.

More information from this agent

Map & Street View

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