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Eastern Esplanade, Southend-on-Sea, SS1

£85,000

£13.92 per sq ft

Business rates & charges may apply

Dedman Gray Property Consultants Limited, Thorpe Bay
SIZE AVAILABLE

6,105 sq ft

567 sq m

SECTOR

Hotel for sale

Key features

  • Great Seafront Location
  • Long Established Trading Name
  • Approx. 6,100 Sq.Ft.
  • Available With A New Lease
  • Close 'Golden Mile' Under Full Time Management

Description

DESCRIPTION:
A long established Amusement Arcade in approx. 6,100 sq.ft. occupying a prominent corner location. The business has for some time now been run entirely under management. Offering a good mix of both modern and classic machines, having 'something for everyone'.

Property

A purpose built Amusement Arcade in approx. 6,100 sq.ft. the vast majority of which is given over to gaming and amusement machines and circulation space. To the rear there are ancillary areas including WC's stores and Offices. Rear service road access for collections and deliveries, with power roller shutters to the front.

Turnover

Turnover for the years ended 31st December 2018 and the subsequent year were £138,966 and £139,852 respectively.

Staff

The business is operated by 4 full time staff.

Tenure

We are advised that the landlords are willing to grant a 21 year lease at a rent of circa £38,400pa.

Hours

During the summer months, the arcade is open 7 days a week from 10am until midnight, and during the winter, on Friday Saturday and Sunday only.

Business Rates

The 2017 rating assessment shows an adopted value of £19,750, resulting in rates payable of some £9,750pa.

Legal Fees

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

Brochures

Eastern Esplanade, Southend-on-Sea, SS1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Southend East Station0.5 miles
  • Southend Central Station0.7 miles
  • Southend Victoria Station0.9 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference DBS210028. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Property Consultants Limited, Thorpe Bay. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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