Retail & Catering Premises in Essex For Sale

Situated in a parade, main road trading position, ESSEX

Price £65,000

Features

Spacious Empty Premises with Catering (a3) Consent (currently Utilized For The Sale of Dometic Appliances Including Cookers, Fridges, Washing Machines, Tumble Dryers Etc)

WE UNDERSTAND THE PREMISES HAVE A3 USE & IN OUR OPINION THERE IS TERRIFIC POTENTIAL FOR THE DEVELOPMENT OF A RESTAURANT

SPACIOUS SALES SHOP probably in the region of 1,700 sq. ft. sales area with non-slip floor, suspended ceiling with concealed lighting.

Cloakroom with w.c. & wash hand basin

Accommodation

Available as an OPTIONAL EXTRA at a rental of £12,000 p.a. is a SELF CONTAINED FLAT with separate front entrance & FULL GAS FIRED CENTRAL HEATING, comprising:

Large Double Bedroom
Shower Room with shower, w.c. & wash hand basin
Lounge
Separate Dining Room (or 2nd bedroom)
Large Kitchen

Outside

Small enclosed yard

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 12/15 years full repairing and insuring lease in respect of the shop premises at a rental of £30,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £5,592 p.a.

RECOMMENDED FOR EARLY INSPECTION

Price

PREMIUM REQUIRED FOR THE NEW LEASE £65,000 subject to contract

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote