Joywheel Particulars FINAL AWS
For Sale Leasehold Adult Gaming Centre Joywheel Gaming 9 Pier Avenue Clacton-on-Sea Essex CO15 1QB
08449 02 03 04 gva.co.uk/13773
Location/Situation The property is located in the coastal town of Clacton-on-Sea, in close proximity to the seafront and Clacton Pier. Clacton-on-Sea is the largest town on the Tendring peninsular, on the Essex coast approximately 16.5 miles (26.5 km) southeast of Colchester. The property is located on Pier Avenue, a well known leisure and FEC / AGC location in the town centre, leading to the foreshore.
storage and public toilets. The second floor comprises a 1 bedroom flat, which will be vacant upon completion of the sale. There is opportunity to let this floor for residential use on an AST. The net internal floor areas for the whole building are approximately:Sq m
Sq ft
Ground
146.2
1,574
First
38.9
419
Description
Second
54.07
582
The property comprises a three storey mid-terrace building, under a pitched roof. The external terrace at first floor has been altered to provide further internal accommodation and also sits under a pitched roof.
Total
239.17
2,575
Accommodation The premises are arranged over ground, first and second floors. The ground and part first floor is occupied as an AGC. The remaining part first floor is used as
Trading Information The business has generated an average 3 year turnover of £250,000 per annum, producing an average EBITDA of £77,000. Accounts will be made available to bonafide interested parties.
Tenure Leasehold
Terms The property is available by way of a 15 year lease, expiring 25th May 2032 at a current passing rent of £26,000 per annum subject to rent reviews every 5 years.
EPC The property has an EPC rating of G.
Business Rates We understand that the property is accessed as follows: Rateable Value: £21,750 UBR (2017/18): 46.6p Interested parties should make their enquiries with the Local Authority to verify this information.
Planning Parties should verify the planning use for the unit with the local planning authority. tendringdc.gov.uk
Legal Costs Each party is to be responsible for their own legal costs incurred in the transaction.
Price Offers are invited in the region of £275,000 for the leasehold interest.
VAT VAT if applicable will be charged at the standard rate. For further information please contact:
Matthew Lamb 0113 280 8060 [email protected] Property ref gva.co.uk/13773 08449 02 03 04
GVA City Point, 29 King Street, Leeds LS1 2HL GVA is the trading name of GVA Grimley Limited an Apleona company. ©2017 GVA
GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.
January 2018
File number: 05B708207
(3) No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.
08449 02 03 04 gva.co.uk/13773
Location/Situation The property is located in the coastal town of Clacton-on-Sea, in close proximity to the seafront and Clacton Pier. Clacton-on-Sea is the largest town on the Tendring peninsular, on the Essex coast approximately 16.5 miles (26.5 km) southeast of Colchester. The property is located on Pier Avenue, a well known leisure and FEC / AGC location in the town centre, leading to the foreshore.
storage and public toilets. The second floor comprises a 1 bedroom flat, which will be vacant upon completion of the sale. There is opportunity to let this floor for residential use on an AST. The net internal floor areas for the whole building are approximately:Sq m
Sq ft
Ground
146.2
1,574
First
38.9
419
Description
Second
54.07
582
The property comprises a three storey mid-terrace building, under a pitched roof. The external terrace at first floor has been altered to provide further internal accommodation and also sits under a pitched roof.
Total
239.17
2,575
Accommodation The premises are arranged over ground, first and second floors. The ground and part first floor is occupied as an AGC. The remaining part first floor is used as
Trading Information The business has generated an average 3 year turnover of £250,000 per annum, producing an average EBITDA of £77,000. Accounts will be made available to bonafide interested parties.
Tenure Leasehold
Terms The property is available by way of a 15 year lease, expiring 25th May 2032 at a current passing rent of £26,000 per annum subject to rent reviews every 5 years.
EPC The property has an EPC rating of G.
Business Rates We understand that the property is accessed as follows: Rateable Value: £21,750 UBR (2017/18): 46.6p Interested parties should make their enquiries with the Local Authority to verify this information.
Planning Parties should verify the planning use for the unit with the local planning authority. tendringdc.gov.uk
Legal Costs Each party is to be responsible for their own legal costs incurred in the transaction.
Price Offers are invited in the region of £275,000 for the leasehold interest.
VAT VAT if applicable will be charged at the standard rate. For further information please contact:
Matthew Lamb 0113 280 8060 [email protected] Property ref gva.co.uk/13773 08449 02 03 04
GVA City Point, 29 King Street, Leeds LS1 2HL GVA is the trading name of GVA Grimley Limited an Apleona company. ©2017 GVA
GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.
January 2018
File number: 05B708207
(3) No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.
