Development Opportunity Clacton Restaurant Bar Or Retail Business For Sale

Business description

Highly prominent & historical seafront property
Accommodation arranged over the ground floor
Approximate floor area 809 sq m (8,711 sq ft)
Suitable for Restaurant, Bar, Leisure or Retail use (stpp)
Provided to a shell specification
Within walking distance of town centre & attractions

Property information

Property:

Leasehold

Lease terms:

The property is available by way of an effective full repairing and insuring lease for a term to be agreed and subject to 5 years upward only rent reviews.

Location:

The Royal Hotel occupies a highly prominent location overlooking the seafront and within walking distance of the town centre, pier and all major attractions. Located close the property are a number of public houses, bars, restaurants, hotels and leisure venues with the subject property immediately adjacent to a J D Wetherspoon pub and a Prezzo restaurant close by.

Clacton on Sea is located on the east Essex coast with a resident population of around 50,000 people. The town still attracts significant tourist trade throughout the year. Approximate distances are Colchester 16 miles, Ipswich 28 miles and Harwich 17 miles. The town is accessed by the A133 and A120 which are within easy driving distance.

Premises details:

The property occupies a corner position, fronting Marine Parade East with Colne Road. The accommodation is principally arranged over the ground floor with a mezzanine. The accommodation has recently been extended to both the front and rear. The property forms part of a mixed use redevelopment of the hotel.
There are currently private apartments over the first and second floors. There is an existing car park at the rear which is approximately 0.059 hectares (0.145 acres). It is thought that this area can accommodate a hotel scheme and could be available under separate or combined negotiations. Consideration will also be given into subdividing the units.
The unit comprises of the following approximate floor areas and dimensions:

Ground Floor & Mezzanine 491.0 sq m 5,287 sq ft
Rear Extension 128.0 sq m 1,378 sq ft
Front Extension 190.0 sq m 2,046 sq ft
Total Floor Area 809.0 sq m 8,711 sq ft

Size in square feet:

809.0 sq m (8,711 sq ft)

Planning consent:

On the 24th January 2007 planning permission was granted for refurbishment, partial demolition and extension to form 25 bed hotel, bar, restaurant, up to 7 (Al/A2/A3/A4/B1/D1) commercial units, 47 apartments, new public realm and landscape planting.

Other information

Related documents:

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