London Road, Southend-on-Sea, Essex, SS1

Property

All measurements are approximate, and were measured on a gross internal area (GIA) basis: Ground Floor: (Front Of House) 3,358 sq.ft. (Back Of House) 1,389 sq.ft. First Floor: (Front Of House) 1,983 sq.ft. (Back Of House) 2,497 sq.ft. Overall Total: 9,227 sq.ft.

Features

On Southend's Premier F&B Strip Approx. 9,227 Sq.Ft. Overall Close Odeon & Victoria Shopping Centre Suitable For Many F&B Uses Rear Parking For 2 Vehicles Fully Fitted & Equipped Impressive 60 Feet Frontage With Seating

Tenure/Rent/Service Charge

Leasehold. Granted for a term of 15 years from the 27th August 2019. The tenant has the benefit of a break clause operable in September 2029. Passing rent £130,000pa + VAT. Service charge (including buildings insurance) £1,700pa inc. VAT.

Business Rates

The property is entered on the current rating list with a rateable value of £146,500, which our Client is appealing against.

Premises Licence

A copy will be made available on request. The opening hours are from 7am Monday-Sunday inclusive, until 11.30pm Monday-Wednesday, 12.30am Thursday, 3am Friday & Saturday & 1am Sunday & Christmas Eve.

Methodology

We are instructed to offer, by way of assignment, the leasehold interest as set out above. We have been advised that the landlord, who holds a 999 year lease of the property (virtual freehold) would be willing to grant a new lease or dispose of its 999 year lease, on terms to be agreed.

Legal Fees

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

Viewing

All viewings are to be accompanied via Gerard Biagioni on .