Essex - 0 bed - £59,950 - Dedman Residential

Property details

Bedrooms: 0

DESCRIPTION:
An outstandingly well fitted & equipped traditional Pie & Mash shop. The business was established by our Clients at the beginning of 2011 after our Clients had carried out a thorough refurbishment programme. Internal seating for 13 at 6 tables with fitted service counter. The existing layout makes the property ideally suited to almost any Catering use.

Property Ground floor in approx 265 sq.ft. Seating for 13 at 7 marble topped tables. Tiled floor with tiled & wooden clad walls. Bespoke service counter with facilities for hot & cold drinks behind. Access from the counter to the fully equipped commercial kitchen in approx 170 sq.ft. with a variety of commercial cooking equipment and extraction canopy. Cupboard housing the electricity meter. Area toward the rear with a walk-in coldroom. Door to side passageway giving access to the rear.

External Elements Side passageway to the rear yard with parking for 2 cars. Semi detached garage used for storage and a small enclosed garden. These elements are accessed via a shared driveway from the High Street. Towards the front, and fronting the High Street, our Clients have erected a wooden shed from which they serve hot food from 10pm till 2am on Fridays & Saturdays only.

Location The property occupies an outstanding position next door to The Roebuck at Rayleigh Essex. The Town is blessed with most National brand names and is a vibrant shopping & commuter location. Rayleigh is located between Chelmsford & Southend, and is 32 miles to the east of central London.

Hours Closed on Sundays. The shop opens daily at 11am, closing at 3pm Monday to Wednesday, 6pm Thursday & Friday & 5.30 Saturday.

Turnover The business opened its doors for the first time in February 2011. It is therefore in its formative period. Sales until the end of September were approx £50,000.

Tenure Leasehold. As at December 2011, there were 14 years remaining. Rent reviews are every 5th year, the next in 2016. Rent £14,800 pa.

Rates The 2010 valuation refers to the premises as Shop & Premises with a value of £5,800.

Living Accommodation This comprises a flat with 1 bedroom, kitchen, lounge, shower & WC. Access is via an internal staircase. Let & pruducing a rental income of £495 per month/£5,940 per annum.

Legal Fees Each party is responsible for their own legal fees. The landlords fees are to be split evenly between the vendor and the purchaser.