Miles Gray Road, Pipps Hill, Basildon, Essex, SS14

£5,000

Guide price

DESCRIPTION:

An impressive standalone US style Themed Restaurant on the Pipps Hill Business Park, accessed off the A127. Existing occupiers include B&Q, Poundstretcher, Carpetright, Pets at Home, Argos, Currys PC World, Wrens Kitchens, TK Maxx, ScS, Halfords, DFS, Asda, Card Factory, Burger King, Costa and Subway. Total occupied pace of 220,000 sq.ft. with 940 parking spaces, and a population within 20 minutes drive of 638,500!

Property A purpose built standalone building in a total of approx. 6,000 sq.ft. with dedicated customer parking on three elevations for up to 60 cars. Internal covers for up to 180-200 as well as al-fresco seating for another 60-70. Very spacious and comprehensively equipped commercial kitchens and ancillary areas.

The Premises Licence The licence permits the sale of alcohol (for consumption on and off the premises), regulated entertainment including plays, films, live & recorded music and dancing. The permitted opening hours are 8am until 1.30am the following morning.

Hours Until closure, these were 7 days a week from 9am till 10pm, opening on Friday Saturday and Sunday at 8am.

Method Of Sale This comprises the sale/assignment of the leasehold interest, the fixtures and fittings (subject to inventory) and the transfer of the Premises Licence. The trading name is not included, nor the transfer of any staff under the TUPE regulations. For these reasons, no income and expenditure information will be provided.

Tenure/Rent Leasehold. Granted for 25 years from the 24th June 2002. Passing rent £123,000 pa + VAT. Subject to one further rent review in June 2022.

Business Rates The 2017 rating assessment shows an adopted value of £131,000, resulting in Rates payable for 2019/2020 of £66,024.

Legal Fees The purchaser/ingoing tenant shall be responsible for the vendors legal fees.

Viewing All arrangements to view are via Gerard Biagioni of Dedman Gray Property Consultants on 01702 311 037.

Arrange viewing 01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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