BAR & RESTAURANT WITH TERRACE - SOUTHEND-ON-SEA - A fantastically presented business which was recently refurbished by our client, who has now brought the business to market with a genuine reason for sale due to ill health. The premises is very large, currently arranged to provide 78 internal covers, but could accommodate more if required, in addition to a further 44 external covers on the terrace, but again could accommodate more if required. The commercial kitchen is fully equipped and ready to trade, as is the entire bar/restaurant area. We are advised there are approximately 20 years remaining on the lease at a rental of £27,000 per annum exclusive, with rent reviews every 5 years. The premises is licensed for the sale of alcohol 11 am until 12 am, 7 days a week. An early viewing is advised to avoid disappointment. OUR REF: RX------
Location
The premises is situated in a fantastic trading location just off the main high street in Southend-on-Sea. It can either be accessed via a walkway off the high street, alternatively the terrace decked area have gates that open into a large car park which services the high street giving a purchaser enviable levels of visibility and footfall.
Tenure
We are advised there are approximately 20 years remaining on the lease, at a current rental of £27,000 per annum exclusive, with rent reviews every 5 years.
Premises
An end of terrace premises with fascia board, awning over and single glazed entrance door leading into the premises which measures approximately 2,450 sq ft. and is arranged as follows:
Main Bar Area
Currently arranged to provide 78 internal covers, however, could accommodate more if required, hanging-style feature lighting, air conditioned throughout, 7 x wall-mounted TVs, wood effect tiles, centrally-located U-shaped bar with beer taps behind which is arranged to provide display shelving, 2 x triple under-counter display fridges, 1 x double under-counter display fridge, 1 x Heineken fridge, glass washer, till system and coffee machine.
Cellar
Door behind this area leads into a CELLAR housing the beer kegs and various shelving and racking. To the right-hand side by the entrance door are Ladies, Gents & Disabled WCs with baby-changing facilities. Further up on the right-hand side are stairs to a slightly elevated seating area.
Commercial Kitchen
One door to the right of this area leads into a COMMERCIAL KITCHEN which is currently arranged to provide 2 x stainless-steel sink, commercial dishwasher, various stainless-steel prep tables, stainless-steel prep table with under-counter refrigeration x 2, large upright stainless-steel fridge, large upright stainless-steel freezer, wash-hand basin, pizza oven, large commercial extractor system, twin-basket fryer, single-basket fryer, griddle, 4-burner induction hob and Houno oven.
Store Room
An opening at the rear of the kitchen area leads into a STORE ROOM currently equipped with 2 x chest freezers, 2 x small fridges, microwave and racking.
External Area
Back in the bar area, the other side of the premises from the kitchen are glazed bi-folding doors leading outside to a TERRACE/DECKED external seating area with awning over, this area is currently arranged to provide a comfortable 44 covers, but could easily accommodate more if required. At the rear of this area are 2 double gates that when opened, open-up into a large CAR PARK which provides an owner enviable levels of visibility and passing trade.
Trading Hours
We are advised the premises is licensed for the sale of alcohol from 11 am until 12 am, 7 days a week.
Business Rates
The premises is subject to a rateable value of £30,000.
Legal Costs
Each party are to be responsible for their own legal costs, with the landlord's legal costs to be split 50/50.
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.
