Nelson Mews, Southend-On-Sea, Essex, SS1

£750,000

Guide price

DESCRIPTION:

One of Southend's best known Bar/Restaurants nestled on the borders of the Conservation district and the Town's bustling High Street. Comprising a distinctive link-detached property over ground, first floor and basement (stores) in approx. 4,000 sq.ft. overall.

Property A distinctive link-detached property, comprising: Basement Stores/Office & Coldroom 1,250 sq.ft. Ground Floor Bar/Restaurant 1,375 sq.ft. with 20 covers. Ladies & Gents WC's. First Floor Restaurant approx. 1,250 sq.ft. with 40 covers. Customer & staff WC's. Separate commercial kitchen & washing up areas and fire exit. Adjacent municipal car park where parking is free after 6pm Monday to Saturday and after 5pm Sunday.

Turnover We are advised that these are between £10,000 and £14,000 per week Summer & Winter respectively, including VAT. Trade split 60% Food 40% Wet sales.

Hours Monday closed. Tuesday- Thursday 12noon till 11.30pm. Friday & Saturday 12 noon till 1am. Sunday from 12 noon, and closing dependent on seasonal trends.

Premises Licence Regulated entertainment comprising live and recorded music and dancing. Hours Sunday to Thursday 10am till Midnight. Friday & Saturday 10am till 00.30 on the following days. (An application is in hand for the hours to be extended on Fridays and Saturdays until 3am the following days).

Staff The business is fronted by one of the two owners, drawing from a pool of 12/13 staff depending on the time of year and level of trade, some of which are part time.

Tenure Freehold.

Method Of Sale This comprises the sale of an existing business and will therefore be subject to the usual TOGC and TUPE regulations.

Business Rates The 2017 rating valuation shows an adopted value of £36,000. That results in Rates payable of approx. £18,000 pa.

Energy Performance Certificate An EPC will be available in due course.

Viewing All appointments to view are via Gerard Biagioni on 01702 311 037 or 07956 887 033.

Arrange viewing 01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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