CHARLIE CHANGS.12/22.PIER AVENUE.CLACTON.ESSEX.CO151QA
LOCATION
Situated in the centre of the vibrant holiday seaside town of Clacton.Sea on the first floor above Gaiety amusement arcade,a few hundred yards walk from the beach front.
TENURE:
13+ years remaining on an original 15 year lease granted by a private landlord in January 2010.
REPAIRS:
Full Repairing and Insuring Lease.
RENT:
£6500.00 per annum with reviews every 5 years,the next being January 2015.Payable quarterly in
advance
TIE:
FREE OF TIE for all products.
PREMISES LICENCE:
The sale of alcohol is allowed as follows:
Monday to Saturday –10.00-00.00
Sunday -12.00-23.30
Trading Hours
Monday to Sunday -12.00-14.30 and 17.00-23.30
PREMISES CURRENTLY CLOSE ON A WEDNESDAY
TRADE LEVEL:
The premises have been owned by the present Leaseholders for 9 years after purchasing on assignment .
We have had no sight of accounts,but understand the trade has had highs of £4500 pw and lows of £2500 pw.
We understand that due to the leaseholders present circumstances,he is running the premises at arms length ,with staff,and they are grossly undertrading.
The potential is vast from this high profile location,the large size ,the very cheap rent,increased trading hours and its FREE OF TIE status.
The rates are £3500 pa ,and the leaseholder advises that his gas and electric bills are circa £ 550 pm,with the freeholder insurance premium being £1600 pa.
ACCOMMODATION:
Trade - First floor.
The restaurant is accessed up a staircase from a door situated on the high street between 2 amusement arcades.
Spread over 6000 sq ft these premises comprise
Lobby at the top of the stairs with doors to Ladies and Gents toilets,ice machine cupboard,private corridor and boiler cupboard.
Reception counter for restaurant and takeaway collection.
Restaurant areas in two sections.
Smaller front section,providing 40 covers,large central stainless steel bain marie unit for buffets.
Small bar servery with 2 glass fronted upright bottle cabinets.
Archway entrance to function room/restaurant overspill providing 60/100 covers.door to liquor store.door into private corridor which houses further stores,and door to rear metal fire escape into rear yard.
Potential to increase this already large area by removing the stud wall corridor wall to make it all open plan,with new reception at the head of the stairs.
Kitchen to the right of the bar server comprising ,tiled walls and floors,stainless steel cladding to walls,large extraction hood,large cooking range,stainless steel sink and drainer,2 upright and 3 chest freezers,walk in fridge which is currently not working and a gas cooker.
Private Accomodation-lock up premises
Outside-2 parking spaces allocated in the rear yard.
PRICE:
The leaseholder is reluctantly selling due his wifes ill health.
We are seeking £69000.00 for the remaining leasehold interest to include the goodwill ,and the huge
potential ,offered from these large premises in a high profile location,increased trading hours,with a very cheap rent and FREE OF TIE status,with stock and glassware in addition at valuation.
The freeholders will require additional funds to cover payment of three months advance rent.Each party will be responsible for their own legal fees.
VIEWING
After initially viewing the premises very discreetly on a customer basis ,interested parties should contact the agent with details of their trade background and proof of funding.Upon receipt of the latter parties will be provided with the financial records to substantiate the reported level of trade.
STRICTLY BY APPOINTMENT THROUGH THE VENDORS AGENTS.
(Martin Smith has personally inspected this property)
YOUNG AND SMITH
110 GROVE ROAD
BOW
LONDON
E3 5TH
Telephone 020 8980 7932
Email: martin@mvsmith.co.uk
07860409034