Maitland House, Warrior Square, Southend-on-Sea, Essex, SS1
£250,000

Guide price

DESCRIPTION:

Coco Cabaret/Restaurant & Cinema Bar comprises approx. 5,500 sq.ft. ground floor plus 2,000 sq.ft. 1st floor ancillary (toilets, kitchens etc) located at Maitland House Warrior Square. Licenced for 660 people.

The Property Occupying an extremely visible corner location, and comprising briefly the following: Ground Floor: 5,500 sq.ft. the vast majority of which is given over to the principle dining area, stage, feature Bar and VIP section with its own Bar. Other areas include a room housing the dumb waiter to the 1st floor kitchens, cellar, disabled persons WC, fire exit providing access to spirit stores, boiler room and power cupboard. First Floor: 2,000 sq.ft. providing more than adequate ladies & gents WC's, fully equipped commercial kitchens, Office and staff changing room.

Premises Licence The licence permits the sale of alcohol for consumption both on and off the premises, regulated entertainment comprising live & recorded music, & music & dancing from Monday to Sunday, 10am until 2am the following day.

Tenure Leasehold. Granted for 10 years from 1st June 2018.

Rent £60,000 pa + VAT until the only rent review in June 2023.

Tenant Break 1st June 2023, with 6 months notice being required.

Business Rates The 2017 rating assessment has an adopted value of £88,500. This is under appeal and is expected to be substantially reduced.

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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