Lucy Road, Southend-On-Sea, Essex, SS1

£10,000

Guide price

DESCRIPTION:

Nightclub Premises in approx. 3,700 sq.ft. the majority of which comprises the main Night Club, Bar & Dance Floor in some 2,500 sq.ft. Full light and 'Void' sound systems, and with a 550 capacity.

Property The property extends to a total of approx. 3,700 sq.ft. The majority, some 2,500 sq.ft., comprises the main Bar & Nightclub/Dancefloor, the balance given over to the entrance foyer, cloakroom, ladies and gents WC blocks, Office, stores and cellarage.

Premises Licence The Premises Licence permits the sale of alcohol, late night refreshments, and regulated entertainment including films, indoor sporting events, boxing or wrestling, live and recorded music and the performance of dance. Alcohol sales and Regulated Entertainment are permitted 7 days a week from 12.00 to 04.00, Late Night Refreshments 7 days a week 11.00 to 04.00. The permitted opening hours are 10.00 to 04.00 7 days a week.

Method Of Sale This offer comprises only the assignment of the leasehold interest, fixtures and fittings, transfer of the Premises Licence and the trading name if required. The business ceased trading mid 2016, so there is no goodwill on offer, nor will any historic trading information, accounts etc. be provided.

Tenure Leasehold. Granted for a term beginning on the 5th July 2013 until, and including, the 31st December 2028.

Rent £32,000 per annum, subject to 5 yearly rent reviews.

Business Rates The 2017 rateing valuation describes the property as Nightclub & Premises with a value of £31,750, resulting in a liability of £15,208 per annum.

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

Equipment The Nightclub has a full complement of fixtures and fittings including a 'Void' sound system which was installed some 2 years ago at a cost of approx. £50,000.

Arrange viewing 01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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