Buzz Bingo, Clacton-On-Sea
£80.86 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
16,695 sq ft
1,551 sq m
- SECTOR
Leisure facility for sale
- USE CLASSUse class orders: Sui Generis
sui_generis_3
Key features
- Prime Leisure Investment let to Buzz Group Ltd and sub letting to Picturedome Electric Theatre Company Ltd
- Excellent town centre location adjacent to Waterglade Retail Park which is home to national retailers including Morrisons and Halfords
- FRI Lease to Buzz Group Ltd. Unexpired term of 16.25 years .
- Expiry 18th December 2039
- Current rent of £125,165 p.a. (£3.73 psf ). 24% of gross rent sublet to Picturedrome Electric Theatre Co. until 2028 and a further 8% is covered by underleases and licenses
- Annual December RPI uplifts collared and capped at 1% and 4%
- The property extends 33,520 sq ft (3,114 sq m) on a 0.80 acre (0.32 hectares) site
Description
Buzz Bingo Clacton is located in the heart of Clacton town centre. The immediate surroundings comprise a favourable blend of residential and retail property.
The building is a short distance from the A133 providing direct access from Clacton to the surrounding neighbourhoods and towns. Clacton on Sea railway station is a 10 minute walk from the venue and there are several bus stops in the immediate area providing links to other parts of Clacton and the wider region.
SITUATION
The property occupies a prominent position at the junction of Pier Avenue and Old Road. Aldi and Lidl are directly opposite the club, with adjacent the Waterglade Retail Park housing a variety of national retailers including Morrisons, Halfords and Iceland.
PROPERTY DESCRIPTION
A converted 1930's art deco cinema which has been sub divided into a first floor cinema and ground floor bingo club, with 2 adjoining retail units. The property extends 33,520 sq ft on a 0.80 acre site and benefits from a smoking shelter and disabled access, along with thirty dedicated, on site parking spaces at the front of the building.
Energy Performance Certificates
EPC 1Brochures
Buzz Bingo, Clacton-On-Sea
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clacton Station0.3 miles
- Thorpe-le-Soken Station3.9 miles
- Kirby Cross Station4.4 miles
About CBRE Ltd, London (Licensed, Leisure & Hotel Property)
Henrietta House Henrietta Place, London, W1G 0NB
With an integrated network of over 300 wholly owned offices in more than 50 countries, our commercial property consultants advise more clients globally than any other commercial property adviser.
We work with occupiers, investors and developers of office, industrial, residential, retail and hotel property, providing strategic advice and execution for sales and leasing; tenant representation; corporate services; facilities, property and project management; appraisal and valuation; develo
Notes
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