Southchurch Road, Southend-on-Sea, Essex, SS1
£125,000

Guide price

DESCRIPTION:

On the pedestrianised part of Southchurch Road, located at 2nd floor level, and comprising some 4,000 sq.ft. An Amusement Arcade holding an FEC (Family Entertainment Licence) authorising the use of category 'D' gaming machines.

The Property Comprising 2nd floor premises, in a total of some 4,000 sq.ft. accessed via the pedestrianised part of Southchurch Road. The vast majority of the space is given over to amusement machines and circulation space, many of the machines considered as 'retro' items. To the rear there is a service counter and dedicated seating area catering for childrens parties.

The Business An Amusement Arcade holding an FEC (Family Entertainment Licence) authorising the use of category 'D' gaming machines.

Turnover Our Client will share revenue and expenses information with bona fide applicants.

Trading Hours Friday and Saturday only from 9am till 9pm & 1pm till 3pm respectively.

Equipment Included in the asking price is a full inventory of amusement machines, a list of which is available on request to bona fide applicants.

Tenure Leasehold. The current term expires on the 24th March 2023, although our Client has advised us that the landlords are willing to grant a new lease, on terms to be agreed.

Business Rates The 2017 raring assessment shows an adopted value of £9,500. Qualifying occupiers will be able to claim 100% Business Rates Relief.

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

01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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