For Sale

The Boatyard, 8-13 High Street, Leigh-on-Sea, SS9 2EN

  • Area 8,436 sq ft (784 sqm)
  • Sale Price £350,000

Amenities

  • Waterside location in Leigh Old Town
  • Well designed restaurant
  • Panoramic views
  • Recorded and live music licenses
  • Wedding licence
  • Impressive turnover

Description

DESCRIPTION AND LOCATION:

The business trades from an unrivalled estuary location within Leigh Old town with uninterrupted views of the estuary from both the restaurant and an extensive terrace area that extends out over the water.
The property has forecourt parking but is also within walking distance of Leigh railway station and various pay and display car parks.
Leigh Old town is popular to visitors all year round becoming a top destination quoted as being “The Happiest Place To Live” by Rightmove back in 2016.


PREMISES

The Boatyard trades from two adjoining properties, one providing a huge open plan dining area and the other a private dining room for up to 20 diners.

The restaurant has been beautifully designed and is ageless with solid oak floors, a huge floor to ceiling height with galleried dining areas and a central bar area styled as a ship’s bow.

Forecourt car parking and a customer outside area with sofas and glazed frontage with electric shutter over.

Ground Floor Restaurant - 2,730 sq.ft (253 sq.m) - 86 covers

Private Dining Room - 635 sq.ft (59 sq.m) - 20 covers

First Floor Restaurant - 1,782 sq.ft (165 sq.m) - 117 covers (Size from VOA)

External Decking - 2,616 sq.ft (243 sq.m) - 105 covers

Ground Floor Kitchen - 583 sq. ft. (54 sq. m.)
Fully fitted commercial kitchen with dumb waiter serving the first
floor servery area.

Store Room with an internal bin store area.

First floor Kitchen - Fitted kitchen with dumb waiter. A full inventory can be made available.

First Floor Facilities: - Staff changing rooms and WC, administration offices.

External Decking Area: - Uninterrupted views over the Thames Estuary. Outside bar area and purpose built pagoda dining area.


BUSINESS HOURS

Wednesday to Saturday 10am to midnight
Sunday 10am to 5:45pm
Monday and Tuesday during the summer months (weather permitting) is 11:30am to 5pm.

The premises are licensed to sell alcohol:
Monday to Thursday 10:00am – 12:30am
Friday and Saturday 10:00am – 1:30am
Sunday 12:00 noon – 11:30pm.

Recorded music can be provided during the permitted opening hours. Live music can be played Monday to Sunday 7pm – 11:30pm. The premises are also licensed for the purpose of Marriage and Civil Partnership.

A copy of these licences are available upon request.


STAFF

The business is currently run by the owner with management and a full complement of staff.
Our client established this business in 2000 and is selling due to retirement, over recent years he has been scaling down his involvement which increased staffing costs. These can be reduced by increased owner involvement.


TURNOVER

Trading figures available to registered enquiries.


TENURE

A new lease of minimum term 10 years to be granted this will incorporate 5 yearly rent reviews.
A longer term would be considered.
Commencing rent £150,000 per annum exclusive (plus VAT if applicable).


PRICE

£350,000 for the lease, goodwill, fixtures and fittings plus SAV.

Our client may consider selling their Long Leasehold interest. Lease term of 200 years from year 2,000.
Ground rent - £1.00 per annum.


SUMMARY

An extremely rare opportunity has come to the market to purchase a fine dining restaurant in a sought after trading location with unrivalled estuary views. Our client does limited/no advertising which offers scope to enhance the business. The premises benefits from having a wedding license, recorded and live music licenses, which could be further exploited.
Our client established the business and has run it for over 18 years and is now ready to retire (we won’t disclose his age!) so with younger blood and renewed vigour this already successful business could be taken to new heights
There is no doubt that the position and size of this establishment provides so many opportunities.


INVENTORY

A detailed inventory of fixtures and fittings will be prepared by our client and supplied at point of sale.

 

Tenure

Vacant

VAT

Applicable

EPC

Available upon request

Viewing

By appointment with Ayers & Cruiks

Area 8,436 sq ft

Documents

Agents

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