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The Monico, Eastern Esplanade, Canvey Island, Essex, SS8 7DL

£75,000

14

Property Features

Property Details

WELL ESTABLISHED PUBLIC HOUSE/BUSINESS FOR SALE. On Canvey Islands POPULAR SEA FRONT LOCATION with PAY AND DISPLAY PARKING, this business with 50+ years of trade history, could be an ideal investment purchase to any experienced investors. With approximately 1,975 sq ft of internal FLOORSPACE and a LARGE COURTYARD this public house has AMPLE SEATING SPACE for a large client base. FIXTURES and FITTINGS (including the pool table) are inclusive of the £75,000 Premium with the option of taking on the adult gaming centre which is currently exclusive of this premium and rental figure (rent is £1,200 PW).Rates payable are believed to be approximately £1,283 PCM but any ingoing applicant would need to make their own enquiries to comply with local authority standards. The pub is currently licensed to trade up until 1:00 AM and has an on and off license. Any lease agreement will be a 10 year F.R.I. (Fully repairing and insuring) lease with index linked inflation.The business is on its OWN ELECTRIC SUPPLY, with NO GAS SUPPLY and shared water supply with multiple other business's trading from the sight. This is a thriving business as seen by the daily takings which can be shown upon viewing. Call today to arrange a viewing.

IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
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Floor Plans
Plan 1