£650,000
(£465.28/sq. ft)
Light industrial for saleSt. Helens Road, Westcliff-On-Sea, Essex SS0
1,397 sq. ft
Freehold
About this property
Investment
1397 Approx Sq Ft
Freehold
Description:
Comprising a well regarded & long established Restaurant trading for over 40 years in approx. 1,400 sq.ft. Let with an income of £18,000, a s/c 2 bedroom flat above let with an income of £12,225pa & an elegant Air B&B business producing additional income.
The Property
All measurements are approximate, and were measured on a gross internal area (gia) basis. Three adjoining seating areas of 213 sq.ft., 201 sq.ft. & 123 sq.ft. Bar/Servery 190 sq.ft. Behind which are a wine store, general store & laundry room with staff WC facilities. Ladies & Gents WC's. Fully equipped commercial kitchen & adjoining prep room with walk-in coldroom in a total of some 478 sq.ft. Rear yard with store and fire escape access.
Upper Parts
Flat (36 St Helens Road). Comprising a self-contained 2 bedroom flat with a lounge, kitchen, bathroom & WC. Let on an AST with a rental income of £12,225pa.
Air B&B (32a St Helens Road). An elegant arrangement of domestic space with 2 bedrooms, lounge, kitchen, bathroom & WC. Rated as 'exceptional' with a score of 9.7 on
Tenure
Freehold.
Business Rates
The most recent rating assessments show adopted values of £12,500 for the Restaurant & £2,500 for the Air B&B.
Investment Summary
The ground floor Restaurant is let for a term of 15 years from the 18th March 2025 at a rent of £18,000pa, subject to 5 yearly rent reviews. The flat above is let by way of an AST at a rent of £12,225pa.
Energy Performance Certificate
Copies of the EPC's are available on request.
Legal Fees
Each party is to be responsible for their own legal fees.
Comprising a well regarded & long established Restaurant trading for over 40 years in approx. 1,400 sq.ft. Let with an income of £18,000, a s/c 2 bedroom flat above let with an income of £12,225pa & an elegant Air B&B business producing additional income.
The Property
All measurements are approximate, and were measured on a gross internal area (gia) basis. Three adjoining seating areas of 213 sq.ft., 201 sq.ft. & 123 sq.ft. Bar/Servery 190 sq.ft. Behind which are a wine store, general store & laundry room with staff WC facilities. Ladies & Gents WC's. Fully equipped commercial kitchen & adjoining prep room with walk-in coldroom in a total of some 478 sq.ft. Rear yard with store and fire escape access.
Upper Parts
Flat (36 St Helens Road). Comprising a self-contained 2 bedroom flat with a lounge, kitchen, bathroom & WC. Let on an AST with a rental income of £12,225pa.
Air B&B (32a St Helens Road). An elegant arrangement of domestic space with 2 bedrooms, lounge, kitchen, bathroom & WC. Rated as 'exceptional' with a score of 9.7 on
Tenure
Freehold.
Business Rates
The most recent rating assessments show adopted values of £12,500 for the Restaurant & £2,500 for the Air B&B.
Investment Summary
The ground floor Restaurant is let for a term of 15 years from the 18th March 2025 at a rent of £18,000pa, subject to 5 yearly rent reviews. The flat above is let by way of an AST at a rent of £12,225pa.
Energy Performance Certificate
Copies of the EPC's are available on request.
Legal Fees
Each party is to be responsible for their own legal fees.
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Monthly repayment
£3,251 per month
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