Restaurant/cafe for sale in Orsett Road, Grays RM17

Offers over £300,000 (£242.52/sq. ft)
Interested in this property? Call +44 1708 573686 * or Request Details

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Restaurant/cafe for sale 1,237 sq. ft*
Tenure: Not available Council tax band: Not available

Property features

  • Prominent position fronting Orsett Road
  • Four car spaces
  • Pay & Display car park nearby
  • Restaurant recently refurbished
  • Rear access/yard
  • Garage to rear

Property description

Location
The property occupies a position fronting Orsett Road, close to Papa John’s, Thurrock Mazda/Honda dealership and Grays Library. The property is within walking distance of Grays Town Centre, with Cromwell Road Pay and Display Car Park located close by. Grays Town Train Station is approximately 0.5 miles away, providing a c2c service to London (Fenchurch Street) in approximately 35 minutes. The National Motorway network is available via the A13 approximately 1.7 miles due North.

The property
A mid-terrace property comprising a fully refurbished self-contained ground floor restaurant/takeaway.
This space comprises a counter and 20 cover restaurant with kitchen, prep room and toilet to the rear. There is also a lean-too, providing additional storage. Two car spaces are demised to the rear. This accommodation is let as described below.

The shared entrance to the front leads to first floor offices, comprising two rooms benefitting from carpeted flooring, floor mounted power points and B.T with a small kitchenette. Double glazed windows and recessed lighting are also installed. There is a singular toilet located at first floor level.
There is a rear yard, together with garage and two car spaces. This space is currently vacant.

Please note – the ground floor business is not for sale.

Accommodation Measured in accordance with the RICS Code of Measuring Guide the approximate net internal floor area of the commercial area is:
Ground floor 673 sq ft 62.5 sq m
1st Floor offices 428 sq ft 39.7 sq m
Garage 136 sq ft 12.6 sq m
total 1,237 sq ft 115.0 sq m
Plus rear yard/access.

Figures
Offers in excess of £300,000 for the freehold interest subject to the lease as described. Our estimate of total rental income is £18,500pa although interested parties must satisfy themselves in this respect.


EPC


The EPC rating for the commercial area is D81.
The offices are awaiting EPC assessment.

Business rates
The Ratable Value for the commercial area is £11,500 (2017).
The Ratable Value for the first floor offices is £5,400 (2017).
In both cases, nil business rates apply if the Tenant qualifies for Small Business Rate Relief.

Legal costs
Each party is to be responsible for the payment of its own legal costs.

Tenants
The restaurant is let to Mr Bode Adeniran on a full repairing and insuring lease for 10 years from 17th December 2021 at £9,000 per annum exclusive, subject to upward only rent reviews every 3 years. There is a 3 month rent deposit.

The first floor offices are currently vacant. Our estimate of the potential rental income is £8,500pa and £1,000pa in respect of the garage. However, interested parties are advised to satisfy themselves fully in this respect.

Agent’s Note
All figures quoted are exclusive of VAT (if applicable)
No warranty is given is respect of the current planning use.
None of the amenities or fixtures and fittings have been tested.

Money Laundering Regulations
Due to recent money laundering regulations, all Tenants and Purchasers when making an offer on a property will need to provide a copy of their current Passport photo page and a recent Utility Bill confirming their current address.

Enquiries/Viewings
Please contact sole agents, Branch Associates on / or email:

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Branch Associates, CM9 on +44 1708 573686 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Branch Associates, and do not constitute property particulars. Please contact Branch Associates for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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