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Dedman Gray are situated in Southend on Sea, covering South East Essex. We are an independent property consultancy firm offering a wealth of experience in every aspect of Estate Agency including, Commercial Sales and Lettings, Business Sales, Property Auctioneers &amp; Sales &amp; Lettings for up market properties. Other services we are offer are commercial management, acquisitions, Landlord and Tenant advice, surveyors and the provision of associated professional services. Feel secure in the knowledge that our dedicated and well trained staff will always strive to act in the best interest of the client, achieving the best possible outcome.

Dedman Gray - Commercial

DESCRIPTION: Situated on the busy Furtherwick Road and comprising an elegant 42 cover Portuguese Licenced Restaurant. Only open 5 days a week & closing for the whole of August annually. Flat let with an income of £1,000 per month, but available if required.

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Restaurant on Furtherwick Road for sale

Restaurant for sale

The Restaurant is regularly shaped and extends to a total, including the kitchen & WC's, of 1,051 sq.ft. The seating area alone is approx. 707 sq.ft. having 42 covers. Elegantly designed & decorated with a  feature Bar & air-conditioned. Given the current design/arrangement, this could easily & economically be converted to any form of Restaurant. Rear access for deliveries & with parking for 2 vehicles.

Property

Licenced Portuguese RestaurantBusy Trading LocationApprox, 1,000 Sq.Ft. Overall42 Covers2-3 Bedroom Flat AboveSuit Any Cuisine

Features

Self-contained with rear access and comprising a 2-3 bedroom flat let on an AST with an income of £1,000pm.

Upper Parts

The accounts of the business for the year ended 31st October 2023 show sales of £209,571, with an adjusted net profit of £45,271.

Turnover

The Restaurant is open from Tuesday to Saturday from 5pm till 11pm and closes annually for the whole of August.

Trading Hours

Leasehold. Granted from 11th November 2014 to 10th November 2035 (21 years).

Tenure

£22,000pa payable monthly at £1,833 per month. VAT is not payable on the rent. With the current rental income from the flat of £1,000 per month, this reduces the net rent payable to only £10,000pa!

Rent

The most recent rating assessment shows an adopted value of £13,500. Qualifying occupants will be able to obtain Small Business Rates Relief, reducing the liability to Business Rates to £1,200pa.

Business Rates

Each party is to be responsible for their own legal fees.

Legal Fees

Benfleet

Leigh-on-Sea

Chalkwell

Situated on the busy Furtherwick Road and comprising an elegant 42 cover Portuguese Licenced Restaurant. Only open 5 days a week & closing for the whole of August annually. Flat let with an income of £1,000 per month, but available if required.

Restaurant for sale

Features and description

Rooms

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