Entirely let to Loungers UK Ltd on a new 15 year lease (no breaks)
Circa 573.90 sq m (6,176 sq ft)
Tenant recently completed extensive refurbishment
Affluent commuter town
Nearby occupiers include Waitrose, Gails, Costa, Caffe Nero, Specsavers and Holland & Barrett
VAT free investment
Lot 19
Auction 18th September 2025
Rent £85,000 per Annum Exclusive
Status Sold
Price £1,132,000
Sector Retail, Leisure
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7 miles south west of Chelmsford, 25 miles north east of Central London
Roads
A12, A129, A176
Rail
Billericay Railway Station (29 mins direct to London Liverpool Street)
Air
London City Airport, London Stanstead Airport
Situation
Billericay is an affluent and attractive London commuter town, benefitting from direct trains to London Liverpool Street in just 29 minutes. The property is situated on the east side of High Street in the heart of the town centre. Nearby occupiers include Waitrose, Gails, Costa, Caffe Nero, Specsavers and Holland & Barrett.
Tenure
Freehold.
Location
Miles
7 miles south west of Chelmsford, 25 miles north east of Central London
Roads
A12, A129, A176
Rail
Billericay Railway Station (29 mins direct to London Liverpool Street)
Air
London City Airport, London Stanstead Airport
Situation
Billericay is an affluent and attractive London commuter town, benefitting from direct trains to London Liverpool Street in just 29 minutes. The property is situated on the east side of High Street in the heart of the town centre. Nearby occupiers include Waitrose, Gails, Costa, Caffe Nero, Specsavers and Holland & Barrett.
Tenure
Freehold.
Description
The property comprises a substantial cafe/bar arranged over the ground and first floors, benefitting from loading to the rear via Chapel Street. The tenant spent circa £1.1m on a full refurbishment last year prior to opening.
VAT
VAT is not applicable to this lot.
EPC
C68
Description
The property comprises a substantial cafe/bar arranged over the ground and first floors, benefitting from loading to the rear via Chapel Street. The tenant spent circa £1.1m on a full refurbishment last year prior to opening.
VAT
VAT is not applicable to this lot.
EPC
C68
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Reviews
Ground First
Cafe/Bar Cafe/Bar//Ancillary
294.30 279.60
(3,167) (3,009)
LOUNGERS UK LIMITED t/a Maggio Lounge (2)
15 years from completion
£85,000
5 yearly
Total
573.90
(6,176)
£85,000
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (2) Loungers is a substantial and growing operator in the UK hospitality sector. As of March 2025, Loungers operates 291 sites in England and Wales across three distinct but complementary brands, Lounge, Cosy Club and Brightside (www.loungers.co.uk). For the year ending 21/04/2024, Loungers UK Limited reported a turnover of £353,486,000, a pre-tax profit of £14,917,000 and a shareholders funds of £90,367,000 (NorthRow 14/07/2025).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
