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

£275,000

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 180-200 as well as al-fresco seating for another 60-70. Very spacious and comprehensively equipped commercial kitchens and ancillary areas.

Turnover We and our Client will share financial information (revenue, expenses and management accounts etc.) with genuinely interested parties who are able to provide the necessary bona fides.

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 The Restaurant is open 7 days a week from 9am till 10pm, opening on Friday Saturday and Sunday at 8am.

Tenure/Rent Leasehold. Granted for 25 years from the 24th June 2002. Passing rent £123,000 pa + VAT.

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 Each party is to be responsible for their own 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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