73, High Road, WD23 1EL

LOCATION

The premises occupy a prime main road trading position on High Road, Bushey Heath close to many other shops, restaurants and coffee shops with a good passing trade,footfall and easy access to the M1 and M25 motorway network and Bushey Mainline Railway Station nearby. Also bus routes to Watford Junction, Harrow and Brent Cross immediately outside.

DESCRIPTION

Warren Anthony Commercial are delighted to bring to the market this recently extended ground floor shop/restaurant with outside seating weather permitting and self contained 1 bedroom flat available as a whole to rent fully fitted and equipped.

The shop currently trading as an Italian restaurant since March 2016 it has a maximum seating capacity of 20/22 covers with an additional weather permitting 16 outside. Also parking space for 1 car.

It was recently extended to the rear and is offered to rent fully fitted and equipped with a full list of fixtures and fittings to be made available on request.

ACCOMMODATION

Warren Anthony Commercial are delighted to bring to the market this recently extended ground floor shop/restaurant with outside seating weather permitting and self contained 1 bedroom flat available as a whole to rent fully fitted and equipped.

The shop currently trading as an Italian restaurant since March 2016 it has a maximum seating capacity of 20/22 covers with an additional weather permitting 16 outside. Also parking space for 1 car.

It was recently extended to the rear and is offered to rent fully fitted and equipped with a full list of fixtures and fittings to be made available on request.

AMENITIES

Warren Anthony Commercial are delighted to bring to the market this recently extended ground floor shop/restaurant with outside seating weather permitting and self contained 1 bedroom flat available as a whole to rent fully fitted and equipped.

The shop currently trading as an Italian restaurant since March 2016 it has a maximum seating capacity of 20/22 covers with an additional weather permitting 16 outside. Also parking space for 1 car.

It was recently extended to the rear and is offered to rent fully fitted and equipped with a full list of fixtures and fittings to be made available on request.

SERVICES

To be confirmed.

TERMS

Lease available by way of a full repairing and insuring lease (with original lease dated 16 March 2016) subject to 4 yearly upward only rent reviews (with next rent review in March 2020) with just under 13 years approx remaining.

Rental £1,000 per week exclusive of all outgoings but inclusive of all fixtures and fittings and fully fitted kitchen to include all equipment.

Alternatively, the above lease offered for sale at a rental of £28,800 per annum exclusive and premium of £150,000 subject to contract with realistic offers considered for the lease, goodwill, fixtures and fittings.

OUTGOINGS

Business rates with a rateable value of £7,900. However, it is recommended that all interested parties make their own enquiries to the local rating authority at Hertsmere Borough Council.

VAT

To be confirmed.

LEGAL COSTS

To be confirmed.

SERVICE CHARGE

To be confirmed.

PARKING NOTES

Also parking space for 1 car.

PLANNING

A3 (Restaurant/Cafe).

OTHER

The flat on the first floor it is offered self contained comprising 1 double bedroom,reception, fully fitted kitchen and bathroom/WC.

Opening hours Tuesday - Saturday/Sunday Breakfast 10.30 am. Lunch 12 pm noon - 3 pm. Dinner 5 pm - 10.30 pm. Sunday 10.15 pm. Monday Closed.

Turnover with we understand the following figures approx.

2016/2017 £360,000

2017/2018 £390,000

2018/2019 £420,000 approx.

Net profit between £40,000-£50,000 per annum approx.

Accounts available on request.

Energy performance certificate(s) for both the shop and flat available on request.

Warren Anthony will charge a fee of £250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord.

A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account.

Any fixtures, fittings, equipment, machinery and plant which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.

Warren Anthony for themselves for the Lessors, Vendors and their agents give notice that,

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part to Warren Anthony.

4. All rent, prices, fees and charges are quoted exclusive of VAT.

VIEWING

Viewing through Warren Anthony Commercial by prior appointment only.