St. Helens Road, Westcliff-On-Sea, Essex, SS0
£465.28 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,397 sq ft
130 sq m
- SECTOR
Commercial property for sale
Key features
- Mixed Investment Opportunity
- 60 Cover Licenced Restaurant
- Established Over 40 Years!
- Self-Contained 2 Bedroom Flat
- Elegant 2 Bedroom Air B&B
- Restaurant In Appox. 1,400 Sq.Ft. Overall
Description
Comprising a well regarded & long established Restaurant trading for over 40 years in approx. 1,400 sq.ft. let with an income of £18,000, a s/c 2 bedroom flat above let with an income of £12,225pa & an elegant Air B&B business producing additional income.
The Property
All measurements are approximate, and were measured on a gross internal area (GIA) basis. Three adjoining seating areas of 213 sq.ft., 201 sq.ft. & 123 sq.ft. Bar/Servery 190 sq.ft. behind which are a wine store, general store & laundry room with staff WC facilities. Ladies & Gents WC's. Fully equipped commercial kitchen & adjoining prep room with walk-in coldroom in a total of some 478 sq.ft. Rear yard with store and fire escape access.
Upper Parts
Flat (36 St Helens Road). Comprising a self-contained 2 bedroom flat with a lounge, kitchen, bathroom & WC. Let on an AST with a rental income of £12,225pa. Air B&B (32a St Helens Road). An elegant arrangement of domestic space with 2 bedrooms, lounge, kitchen, bathroom & WC. Rated as 'exceptional' with a score of 9.7 on Booking.com
Tenure
Freehold.
Business Rates
The most recent rating assessments show adopted values of £12,500 for the Restaurant & £2,500 for the Air B&B.
Investment Summary
The ground floor Restaurant is let for a term of 15 years from the 18th March 2025 at a rent of £18,000pa, subject to 5 yearly rent reviews. The flat above is let by way of an AST at a rent of £12,225pa.
Energy Performance Certificate
Copies of the EPC's are available on request.
Legal Fees
Each party is to be responsible for their own legal fees.
Brochures
St. Helens Road, Westcliff-On-Sea, Essex, SS0
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Westcliff Station0.3 miles
- Southend Victoria Station0.7 miles
- Southend Central Station0.7 miles
Notes
Disclaimer - Property reference DBS240001. 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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