Broadway, Leigh-on-Sea, Essex, SS9
£78,500
Guide price
Guide price
DESCRIPTION:
Comprising a very well equipped Cafe/Sandwich Bar/Coffee Shop occupying a busy trading location opposite The Grand. Approx. 440 sq.ft. overall with internal seating for 16 plus another 6 al-fresco. Self-contained 1 bedroom flat above let with an income of £10,740pa.
The Property A regularly shaped property in a total of approx. 440 sq.ft. with internal seating for 16 people. (Outside/pavement seating for another 6 on two tables). Rear yard with vehicular access for deliveries and 2 parking spaces and WC.
Upper Parts This comprises a self-contained 1 bedroom flat, accessed via the rear, with a lounge, kitchen & bathroom/WC, which is let on an AST with a rental income of £895pm (£10,740pa).
The Business The business has been owned by our Clients since July 2010. The menu offers breakfasts, brunches, sandwiches & an array of cold & hot drinks.
Turnover Since March 2024, sales have averaged £4,800 per week.
Trading Hours Monday to Saturday 7.30am till 4pm. Sunday 9am till 3.30pm.
Tenure/Rent Leasehold. Granted for 5 years from 16th July 2021. Rent £12,450pa, payable monthly at £1,037.50. Taking into account the rental income from the flat above, the net rent is only £1,710pa!
Business Rates The most recent rating assessment shows a rateable value of £8,000. Qualifying occupants will therefore be able to claim 100% Small Business Rates Relief.
Viewing All viewing arrangements are by appointment only, via Gerard Biagioni on 01702 311 037.
Legal Fees Each party is to be responsible for their own legal fees.
Comprising a very well equipped Cafe/Sandwich Bar/Coffee Shop occupying a busy trading location opposite The Grand. Approx. 440 sq.ft. overall with internal seating for 16 plus another 6 al-fresco. Self-contained 1 bedroom flat above let with an income of £10,740pa.
The Property A regularly shaped property in a total of approx. 440 sq.ft. with internal seating for 16 people. (Outside/pavement seating for another 6 on two tables). Rear yard with vehicular access for deliveries and 2 parking spaces and WC.
Upper Parts This comprises a self-contained 1 bedroom flat, accessed via the rear, with a lounge, kitchen & bathroom/WC, which is let on an AST with a rental income of £895pm (£10,740pa).
The Business The business has been owned by our Clients since July 2010. The menu offers breakfasts, brunches, sandwiches & an array of cold & hot drinks.
Turnover Since March 2024, sales have averaged £4,800 per week.
Trading Hours Monday to Saturday 7.30am till 4pm. Sunday 9am till 3.30pm.
Tenure/Rent Leasehold. Granted for 5 years from 16th July 2021. Rent £12,450pa, payable monthly at £1,037.50. Taking into account the rental income from the flat above, the net rent is only £1,710pa!
Business Rates The most recent rating assessment shows a rateable value of £8,000. Qualifying occupants will therefore be able to claim 100% Small Business Rates Relief.
Viewing All viewing arrangements are by appointment only, via Gerard Biagioni on 01702 311 037.
Legal Fees Each party is to be responsible for their own legal fees.
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