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Commercial Property for sale

Stephenson Place - CO15

£80,000

Property Description

Commercial information

  • Business for sale

Key features

  • Impressive children’s activity centre in sought after location
  • Registered for 110 with 160 cover seating area
  • sought after residential and leisure area, close to the sea front
  • Award winning business, Viewing highly recommended

Full description

Tenure: Leasehold

Description
Space Kingdom was established by our client in 2012 and is presented in excellent condition throughout. All equipment within the centre was purchased from new, which includes the three storey frame.

The unit is approximately 7000 square feet in size, with entrance to the centre accessed via a dedicated free car park. The business is located on the outskirts of Clacton on Sea’s town centre, in the middle of a well used industrial park with other commercial units.

The activity centre holds a number of parties throughout the week for children. It is open through the week between the hours of 9.30am to 6.00pm Monday to Sunday, with its unique selling point being that it allows for overnight parties.

The play centre is a substantial size and can accommodate a maximum of 110 children at any one time. The play frame which consists of 3 levels was purchased from new in 2012 and has a dedicated toddler soft play area. On the first floor there is three main party rooms which have alternative uses during the week.

The café and seating area is open plan and gives good visual views of the play frame from all areas. There are numerous tables and chairs which accommodate up to 160. The commercial kitchen area is fully equipped along with a top of the range coffee machine. A good range of hot and cold snacks as well as main meals are served throughout the day.

The play centre has a very large, regular and loyal customer base along with an excellent reputation not only locally but also further a field to areas such as Ipswich, Colchester and Chelmsford.

The business benefits from having a full licence for a before school, after school and a holiday club. The vendor has also applied for a nursery licence.

The business has the oppotuinity to expand into a 4000 sqaure foot area to the rear of the property with a private lease.

In our opinion this is an extremely good business opportunity for both new and existing operators, given the location and overall

Registered numbers
Maximum 110 children at any one time.

Fee income
Current records and accounts can be inspected after viewing.

Staff
Run under management with a additional full and part time staff.

Property
Operating from a substantial detached unit on a well used business industrial park, all play areas are on ground floor level and provide fantastic quality play equipment, seating areas, boys and girls toilets along with disabled facilities. Three Separate party rooms are located on the first floor with management offices located on the ground floor.



Children's areas
The main play frame, which was designed by our client, is arranged on two separate levels and is adjacent to the café area any one time. There is also a separate soft play area for the under threes

Residential accommodation
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is held on a 10 year lease which commenced in May 2012. The annual rent is currently £36,000 exclusive (correct as advised on 23.06.14).

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


Summary
An exciting opportunity to acquire an excellent children’s activity centre which has already built up a superb database of loyal and regular customers since 2012 and has genuine potential for future growth.


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