Lot 8 details
ON BEHALF OF EXECUTORS
6 Week completion
Located close to the junction with London Road (A13) in this busy shopping location in Westcliff-on-Sea with nearby multiples which include Sainsbury's Local, Coral, Greggs, Co-Op, WHSmith Local, Post Office and Boots.
Westcliff-on-Sea is a prosperous mixed residential and commercial town abutting Southend approximately 35 miles east of Central London.
A mid-terraced property comprising a Ground and First Floor Restaurant & Bar including rear vehicular access with private parking for 3 cars.
Ground Floor Restaurant (46 covers)
Gross Frontage 22'0"
Internal Width 19'8"
Shop Depth 42'7"
Built Depth 75'0"
First Floor Restaurant (13 covers)
Spiral Staircase to
Lounge Area Approx. 230 sq ft
Ladies and Gents WCs
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Rubetti Limited (with personal guarantor) t/a Barru Bar & Kitchen (visit: www.barru.co.uk) for a term of 15 years from 13th August 2009 at a current rent of £15,500 per annum exclusive (see Note 1).
Rent Review 2022
Note 1: The tenant currently pays £14,400 p.a. by way of a personal concession which expires on 13th August 2018.
Note 2: There is a £14,412 Rent Deposit held.
Note 3: The lessee has made an application to assign the lease to another restaurant operator.