Pier Hill, Southend-On-Sea, Essex, SS1

£335,000

Guide price

DESCRIPTION:

Established in 1911, in the same family ownership since the mid 1960's, and probably the longest established business of its kind! The current owner has been in occupation since 1977 and is now offering the business and the freehold as part of his retirement plans. In summary, the business sells the A-Z of seaside goods!

Property Located in the shadows of Southends landmark Hotel, The Park Inn, facing the Thames Estuary, surrounded by the Towns foremost tourist attractions. Ground floor approx. 921 sq.ft., the core retail being some 628 sq.ft., the balance being storage. First floor approx. 600 sq.ft. having originally been used as a flat, but now additional storage.

The Business The business was inaugurated in 1911, and has been an ever-present destination for an extremely diverse range of items normally associated with seaside activities. In short, this shop has just about everything.

Turnover The accounts of the business for the year ended 31st December 2019 show sales of £130,720, with an operating profit of £31,181.

Hours These are generally from 10am till 6pm during the spring, summer and autumn, and reduced to 11am till 4pm during the winter months.

Tenure Freehold.

Business Rates The 2017 rating assessment shows an adopted value of £10,250, meaning that qualifying occupiers will be able to claim 100% Business Rates Relief.

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

Stock The asking price excludes stock which will need to be paid subject to valuation in the normal manner.

Reason for Sale Having owned the business since 1977, the owner is retiring.

Energy Performance Certificate A copy of the EPC is available on request.

Arrange viewing 01702 781134

Dedman Gray

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