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Exchange Southend On Sea, Essex Pub Tenancy Available

Southend-On-Sea, Essex, UK
Asking Price:
£25,000
Turnover:
Undisclosed
Net Profit:
Undisclosed

Located in Southchurch high street in a former Barclays Bank, you will find the Exchange, a community led pub & restaurant in Southend-on-Sea, Essex.

Set between Kursaal and Thorpe Bay, Southchurch is a residential suburb that houses a busy high street full of independent shops and businesses and the local park which boasts twelve hectares of gardens, sports pitches and a model boating lake to explore. It is just a 15-minute walk to the Southend-on-Sea seafront with its famous pier, beach and adventure island theme park.

The Exchange is a well-established, wet led pub & restaurant with the local community at the very heart of the business. It currently trades seven days a week from 12noon onwards, providing its customers with a range of live music, quiz and bingo nights, seasonal events and SKY and BT sports, to keep them returning week after week. The flexible layout at the Exchange lends itself to hosting private events, so it is also a popular venue for parties, after funeral gatherings and a range of special events being held in the area.

The small but perfectly formed food menu is available every day from 12noon until 9pm and the classic pub favourite dishes, sandwich and Sunday lunch menus prove a hit with the locals.

Internally at the Exchange you will find a large, open plan trade area housing a feature bar servery, lower and upper bar areas and a restaurant dining room for approx.90/100 covers in total. There is a good size trade kitchen on site with plenty of internal and external storage space and a sizeable ground floor cellar. Externally, the front of the property is surrounded by table and bench seating which allows you to cater for a further 40 covers during the warmer weather.

On the first floor you will find plenty of space with a large office, staff room with toilet and storage cupboards, together with the tenants provide accommodation housing three bedrooms a lounge, bathroom and small kitchenette.

Property Information

Property:

Tenancy

Tenancy Terms:

This pub is being offered on a traditional rolling tenancy agreement that is subject to a five year rent review
This agreement is covered by the ‘Landlord & Tenant Act’
This is a fully tied agreement across all beer, cider, wine, PPS, spirits and minerals

Tenancy Rent:

£38,480 per annum

Living Accommodation:

First floor accommodation includes 2 double bedrooms, 1 single bedroom, lounge, small kitchenette and bathroom

Energy Performance Rating:
E

Other Information

Furniture / Fixtures value:
£45,000
Inventory / Stock value:
£6,000
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