Langley Way, Cassiobury, WD17

£60,000

A recently fitted out LICENSED A3 restaurant with cover for 40 seats. Situated in a busy parade in the most affluent residential area of Watford. Lease remaining is 15 years by way of transfer of the existing lease. We are advised the annual rent is £20,000. Premium £60,000. EXCELLENT OPPORTUNITY!

*** DRAFT DETAILS SUBJECT TO SELLER'S APPROVAL ***

TERMS: £60,000 subject to contract and negotiations. RENT: £20,000 per annum. We undertand the RATES 2018/2019 are £7,100 per annum and the SERVICE CHARGE is £1,600 per annum

LOCATION: The premises are situated on the affluent Cassiobury within a short walking distance to the famous Cassiobury Park and in a busy parade of shops.

PREMISES: A3 license. Excellent /modern decor throughout, recently fitted out with modern kitchen facilities, modern WC facilities. Seating cover for 40. EPC rating E

VIEWING: Viewing through NORTHWOOD WATFORD Ltd by prior appointment only.

TERMS: Lease remaining in 15 years by way of transfer of the existing lease which we understand is a full repairing and insuring lease subject to periodic rent review(s) to be confirmed. Deposit and references will be required.

VAT: To be confirmed.

LEGAL COSTS: Each party responsible for their own legal costs.

SERVICE CHARGE AND UTILITIES: Ingoing tenant to be responsible for cost of all repairs, utilities and insurance.

PARKING: Free parking and Garage.

PLANNING: Confirmation of planning/use will be the responsibility of the ingoing tenant to confirm with the local Council that their proposed use will be permitted and/or if change of use will be required. The cost for change of use will be borne out by the ingoing tenant and will require consnet from our client.

NOTE: NORTHWOOD WATFORD Ltd will charge a fee of GBP350 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for. A holding deposit will be required to secure the property. The deposit will allow a period of exclusivity and will be held in NORTHWOOD WATFORD's client account.

Any fixtures, fittings, equipment, machinery and plant which may be shown on the photographs have not been tested and prospective tenants should satisfy themselves as to the condition.

NORTHWOOD WATFORD Ltd and the property owner, freeholder or lesee hereby give notice as follows:
1. All particulars are for general guidance only and prospective tenants must make their own enquiries, including measurements, planning consent and use and rates or rateable values.
2. The details do not constitute any part of an offer or contract.
3. All rent, prices, fees and charges are quoted exclusive of VAT.

Premium
£85,000 subject to contract and negotiations.

Premises and parking
We are advised of presence of an A3 license. Excellent /modern decor throughout, recently fitted out with modern kitchen facilities, modern WC facilities. Seating cover for 40. Garage. EPC rating 105 (E).

Fixtures and fittings
Any fixtures, fittings, equipment, machinery and plant which may be shown on the photographs have not been tested and prospective tenants should satisfy themselves as to the condition.

Terms
We are advised lease remaining in 19 years by way of transfer of the existing lease which we understand is a full repairing and insuring lease subject to periodic rent review(s) to be confirmed. Deposit and references will be required. VAT: To be confirmed. LEGAL COSTS: Each party responsible for their own legal costs.

Planning
Confirmation of planning/use will be the responsibility of the ingoing tenant to confirm with the local Council that their proposed use will be permitted and/or if change of use will be required. The cost for change of use will be borne out by the ingoing tenant and will require consnet from our client.

IMPORTANT NOTICES
NORTHWOOD WATFORD Ltd will charge a fee of GBP350 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for. A holding deposit will be required to secure the property. The deposit will allow a period of exclusivity and will be held in NORTHWOOD WATFORD's client account.

Additional notices
NORTHWOOD WATFORD Ltd and the property owner, freeholder or lesee hereby give notice as follows:
1. All particulars are for general guidance only and prospective tenants must make their own enquiries, including measurements, planning consent and use and rates or rateable values.
2. The details do not constitute any part of an offer or contract.
3. All rent, prices, fees and charges are quoted exclusive of VAT.

Floor plans

EPC

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Downloads

Key Features

  • Licensed A3 premises
  • 40 cover
  • RECENTLY FITTED OUT
  • Affluent area
  • Attractive decor
  • Ready to go
  • Transfer of current lease 15 years
  • Premium of £60,000
  • Deposit and references required

Call Watford office 01923 250900 278 St Albans Road Watford Hertfordshire WD24 6PE

Arrange a viewing for the above property

Registered Office: Northwood (Watford) Ltd, 278 St Albans Road, Watford, WD24 6PE - Company number 5682058. VAT number 882819186.

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