Property Information
Address:
The Sarah Moore Public House, 57-59 Elm Road, Leigh-on-Sea, Essex
, SS9 1SP
, Essex
, United Kingdom
Price: Property no longer available.
Size: 5595 sq ft520 sqm
Primary Category: Investment
All Categories:
Investment, Land, Shop,
Property Ref/Movehut: MH650113
Property Ref/Agent: 8904664
*Please use the agent ref when calling the agent directly.
Property description
Ground floor public house currently let to Wizard Inns Plc (a wholly owned subsidiary of Marston's Plc). Current lease is inside the 1954 Act and due to expire in June 2022. We understand that the tenant has expressed a desire to renew the lease at the end of the term.
First floor comprises three separate office suites sharing newly installed male/female toilets and kitchen area. All three suites are currently occupied. Tenants contribute towards the upkeep and maintenance of the common parts by way of a service charge, which is currently managed by our client.
PLANNING
Planning permission was granted January 2017 for the erection of a two-storey roof extension comprising six self-contained flats (three x one bedroom and three x two-bedroom apartments), each with balconies and a parking space. We understand that building works have commenced and therefore the permission has been implemented. Interested parties are advised to make their own enquiries with Southend Council using application no: 16/01572/FUL.
Ground Floor Let to Wizard Inns Plc (Marston's Plc)
Comprising 3 x 1 Bedroom & 3 x 2 Bedroom Flats
Investment producing £72,000 per annum
Communal Area Works Started
Planning Granted to Erect Two Additional Floors
Freehold - Unconditional Offers Sought
Available upon request.
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