A WELL PRESENTED premises with QUALITY FIXTURES AND FITTINGS in a HIGHLY SOUGHT AFTER LOCATION in the Essex town of LEIGH ON SEA. Comfortably arranged to accommodate 20 COVERS. Our client has undertaken a FULL REFURBISHMENT and a COMPLETE RE-BRAND to bring the premises to market in fantastic condition. The premises would be suitable for a variety of different business types including restaurant, coffee shop, or wine bar to name a few. The premises is being sold with a FULL COMPLEMENT OF EQUIPMENT and we feel this is a rare opportunity to acquire a premises in this highly sought after location. Given the premises is licenced, it has previously operated SOLD-OUT THEME NIGHTS in the past, so the potential is there to establish that again. EARLY VIEWING IS ADVISED. OUR REF: RX------ - V6746E
Tenure
New lease available for a term to be agreed, with our client's current rent payable at £9,600 per annum exclusive.
Premises
A terrace retail shop with half glazed frontage, extending awning over, fascia board and half-glazed entrance door leading into the premises which measures approximately 404 sq. ft. and is arranged as follows:
Main Restaurant Area
Currently equipped with laminate flooring, spotlighting, feature hanging lighting and benefiting from CCTV throughout. To the right-hand side of the front area are 2 breakfast bar covers, the rest of the premises is currently set out for 20 covers, but could be realigned to accommodate some more. Full-length bench-style seating with storage under. Towards the rear of main area on the left-hand side is the bar behind which is a large display drinks fridge, wash-hand basin, 2-group coffee machine, coffee grinder, double under-counter display fridge, glass-washer and till. The bar also benefits from a large overhang and display drinks shelving. At the rear of the main area, to the right-hand side, is a WC with baby-changing station and wash-hand basin. A door right at the back of the main area leads through into kitchen.
Kitchen
With tiled flooring, strip lighting equipped with a fridge-freezer, large stainless-steel sink, wash-hand basin, stainless-steel prep table, microwave, single-basket fryer, oven with 4 hobs, large single-basket fryer, Salamander grill, large domestic extraction over, ice machine and large fridge. Another door at the rear of the main area leads to an outside fire exit. There is a small courtyard understairs area at the rear of the premises which can be used as additional storage space, subject to negotiation and agreement with the landlord.
Business Rates
The premises is subject to a rateable value of £9,300 resulting in zero business rates payable should small business rate relief apply to a purchaser.
Legal Costs
Each party are to be responsible for their own, with the landlord's legal costs involved in the surrendering of the existing lease to be the responsibility of the vendor and the landlord's legal costs involved in the granting of a new lease to be the responsibility of the purchaser.
Location
The business is located in one of the high-profile primary shopping parades within Leigh-on-Sea and is surrounded by a vibrant mix of independent retailers. The immediate surrounding area is highly built-up and surrounded by a densely populated residential community which creates a highly enviable footfall.
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.
