Leisure/hospitality to let in Eastgate Shopping Centre, Basildon SS14

Neons Golf in the Eastgate Shopping Centre, Basildon, presents an ideal opportunity for individuals or entities looking to enter or acquire a leisure business with significant scope and potential. The venue benefits from substantial foot traffic due to its prime location within a popular shopping centre. Moreover, the shopping centre's closing hours are currently 6 pm but are anticipated to extend until 11 pm, offering additional operational potential.

This Leisure unit, with extensive fixtures and fittings included in the sale price, provides a turnkey solution for an ambitious buyer. The comprehensive inventory and various recent upgrades ensure the business is ready for immediate operation and growth

Vacant Fitted Leisure Premises

This well-maintained property, with extensive fixtures and fittings included in the sale price, provides a turnkey solution for an ambitious buyer. The comprehensive inventory and various recent upgrades ensure the business is ready for immediate operation and growth

Location

Located within the bustling Eastgate Shopping Centre in Basildon, this prime commercial property offers an unparalleled opportunity for businesses seeking a high-traffic location. The centre is a hub of activity, attracting a diverse crowd from the local community and beyond. A retail kiosk within prime position on the ground floor is also included within the lease.

Eastgate Shopping Centre is situated in the heart of Basildon, Essex. Known for its extensive range of shops, dining options, and entertainment facilities and is a premier shopping destination in the region.

Basildon is undergoing significant development, with ongoing investments in infrastructure and urban regeneration projects including cinemas and residential enhancing the area’s appeal and growth potential

Property

Situated on the 3rd floor with direct access via lift and car park, the premises has been extensively fitted to provide a neon/ Jurassic themed golf centre with bar, party/seating area, darts and further miscellaneous space in order to provide areas for any of the particular areas to grow.

Access is via a main door conveniently situated between the walkway to the car park through to main shopping area and lift. The unit has a glazed window which can be seen from the main shopping unit as well as the glazed lift which provided an excellent space for advertising and interest.

The unit is currently split into various areas being reception which carries into the bar/seating area, leading onto the golfing, darts and amusement area

Fixtures, Fittings And Equipment

The unit is readily equipped to trade with notable fittings (but not limited to) below:-

Coffee Machine, Fridges and Freezer, range of table and chairs, 2 Leather settees,

TV’s, Dinosaurs props (bought for over £35,000), Thrones props, Air bags, walk through attraction, uv Lighting throughout and stage lighting,

range of costumes, ranging from medieval to Horror, Medieval Prop Knight, Golf Clubs, Cutlery, kitchen equipment, Computer and equipment.

Pre wrapped Christmas Presents-

A collection of many other assorted props from other attractions- purchased for over £15,000 new.

Our client has advised that a slushy machine and games machine is currently on lease which could be included if the lease taken on.

A Pool table was also on order on a lease basis but this has been paused. Any leases shall either be transferred to new owners or settled by the current owner

Unit Improvements

The current Vendors have made considerable upgrades to the unit including:-

Enhanced electrics

Fire detectors

Updated plumbing

Improved ventilation

Floor levelling and new flooring

Fire doors

Lease Details

Leasehold unit which also includes the ground for kiosk.

10 year lease with approx 9 years remaining at a rental of £52,500 per annum. The current vendor negotiated a rent free period with the Landlord in which approx 14 months remain.

Service Charge payable at £967.50 per month (this amount is payable during the rent free period)

Business Rates

We are advised rates for the property are:-

Period: 01/04/24 to 31/03/25

Gross Charge on Rateable Value: £3,900

Retail Hospitality Scheme Credit: £1,459.58

Payable: £1,946.10

Confirmation and enquiries should be made via Basildon Council Business rates Dept

Summary

This commercial property offers a unique and exciting opportunity for someone looking to enter or expand into the leisure business sector. Neons Golf is a well-equipped and attractively themed venue, positioned within a popular shopping centre that is poised for extended operational hours.

Despite not currently trading due to the current leaseholder's unsustainable commute and other business interests, the property is primed for immediate operation with huge scope and potential for growth