Acquired
Westcliff-on-Sea – Restaurant and Bar
107 Hamlet Court Rd, Westcliff-on-Sea, Essex SS0 7ESFreehold Restaurant Investment
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
Holding Over
Area
1,880 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Property comprising a Ground and First Floor Restaurant and Bar including rear vehicular access
- Prosperous mixed residential and commercial town
- Occupiers close by include Sainsbury’s Local, Greggs, NatWest, Wimpy, Boots, amongst others
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
A mid-terraced property comprising a Ground and First Floor Restaurant and Bar including rear vehicular access with private parking for 3 cars.
The property provides the following accommodation and dimensions:
Ground Floor: (38 covers)
Shop: 924 sq ft
Disabled WC
Shop Frontage: 22 ft on Hamlet Court Rd
First Floor: (20 covers)
Spiral Staircase to Office Area (230 sq ft)
Ladies and Gents WCs
The property provides the following accommodation and dimensions:
Ground Floor: (38 covers)
Shop: 924 sq ft
Disabled WC
Shop Frontage: 22 ft on Hamlet Court Rd
First Floor: (20 covers)
Spiral Staircase to Office Area (230 sq ft)
Ladies and Gents WCs
Tenancy Description
The shop is at present let to Mr A.P. Saunders t/a Bar and Restaurant for a term of 15 years from 13th August 2009 at a current rent of £15,500 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £15,500.
Tenancies & Accommodation
Location Description
Located close to the junction with London Road (A13) in the best shopping location in Westcliff-on-Sea, 4 doors down from a new Sainsbury’s Local with other such multiples as Greggs, NatWest, Wimpy and Boots nearby. Westcliff-on-Sea is a prosperous mixed residential and commercial town abutting Southend approximately 35 miles east of Central London.
