Retail premises for sale

9-11 London Road, Southend-On-Sea, Essex SS1

Description

All measurements are approximate, and were measured on a gross internal area (gia) basis:
Ground Floor:
(Front Of House) 3,358 sq.ft.
(Back Of House) 1,389 sq.ft.
First Floor:
(Front Of House) 1,983 sq.ft.
(Back Of House) 2,497 sq.ft.
Overall Total: 9,227 sq.ft.

Viewings

All viewings are to be accompanied via Gerard Biagioni on .

Tenure/Rent/Service Charge

Leasehold. Granted for a term of 15 years from the 27th August 2019. The tenant has the benefit of a break clause operable in September 2029. Passing rent £130,000pa + VAT. Service charge (including buildings insurance) £1,700pa inc. VAT.

Business Rates

The property is entered on the current rating list with a rateable value of £110,000.

Premises Licence

A copy will be made available on request. The opening hours are from 7am Monday-Sunday inclusive, until 11.30pm Monday-Wednesday, 12.30am Thursday, 3am Friday & Saturday & 1am Sunday & Christmas Eve.

Methodology

We are instructed to offer, by way of assignment, the leasehold interest as set out above. We have been advised that the landlord, who holds a 999 year lease of the property (virtual freehold) would be willing to grant a new lease or dispose of its 999 year lease, on terms to be agreed.