Clacton-on-Sea

Price:

Freehold - £375,000
Freehold - £375,000

Seller Ref:

2217

Location:

Worcestershire

Business Type:

Commercial Property, Pubs

See Other:

Pubs for sale in Worcestershire
Other commercial property for sale in Worcestershire
Pubs for sale in Worcestershire
Commercial property for sale in Worcestershire

Description:

THE BUSINESS:

The property is located on the busy main seafront of Jaywick which boasts beautiful beaches and is positioned on the outskirts of Clacton-on-Sea. Operating from a substantial and well-presented three storey detached premises the business and private dwellings are of considerable size and quality. On the ground floor is an amusement arcade & Social Club. The first floor contains a snooker room & a disused club area, now undergoing transformation into a proprietor's residence; 3 bed, bath, office, kitchen, huge lounge, all with sea views. Planning permission pending. The second floor is a 4/5 bedroom self-contained apartment which benefits from a private roof terrace. This flat is currently let at a discounted rate of GBP600.00 pcm (we are advised market rental value is approximately GBP850+) Current owner is prepared to leaseback ground floor & proprietors residence for 2-3 years around GBP16.5k pa. The property represents excellent value for continued licensed use / owner occupation. There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents. We are advised that the Business Rates currently stand at approximately GBP6,290 per annum and the Council Tax is GBP725. There is a business rate appeal taking place in June.