A bit of Southend history for lease

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Related tags: Building, Storey

A chance to own part of a multi-million pound redevelopment in Southend-on-Sea has come up. Christie+Co is marketing the lease on a restaurant or bar...

A chance to own part of a multi-million pound redevelopment in Southend-on-Sea has come up.

Christie+Co is marketing the lease on a restaurant or bar space within the Kursaal Centre.

This building was built in 1896 as a grand entrance to Southend's Marine Park on the main pier. Despite redevelopment work in the 1970s, the Kursaal building remained.

The head lease is owned by Trehaven Group and the first floor of the outlet provides 28,000sq ft which could accommodate three or four restaurant or bar units, suitable for a combination of corporate and local operators.

The ground-floor space could possibly lend itself to

a destination restaurant venue, possibly with a food-led bar operation.

Christie+Co's Billy Couper said: "This is a rare opportunity to purchase a lease in a well-established location at a time when the area is subject to considerable capital expenditure.

"We have already received enquiries from a variety of operators who are keen to purchase the lease on a piece of Southend's history."

The guide price for the ground floor is £150,000. The upper floor has a guide price of £17 to £20 per sq ft.

Related topics: Property law

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