Watling Street Radlett Herts WD7 7LA

Watling Street Radlett Herts WD7 7LA

Restaurant & Residential Maisonette  – Lease Assignment

Location:  Situated in heart of Radlett Town Centre, along Watling Street within easy access to local shops and Radlett mainline station ( Thameslink).

Description:   A ground floor and basement premises commercial currently trading as a restaurant, with residential maisonette above.

Ground Floor & Basement – Trading as a restaurant premises set over ground and lower ground floors approx. 1,250 sqft with, Restaurant has approx. 40 covers, kitchen is cited in basement, with dumbwaiter, plus additional storage and rear parking.

Upper Parts – A three-bedroom maisonette, accessed from rear.

Available by way of an assignment of existing lease being 15 years from 2018, approximately 8 years remain.

An early viewing is strongly advised.

TERMS:

Rent:                                 £30,000 pax

Premium:                       Premium sought in region of £90,000 for fixtures, fittings and goodwill.

Lease:                              Available by way of an assignment of existing lease being 15 years from 2018, approximately 8 years remain., 5 yearly rent reviews.

Business Rates:           Rateable Value for 2025/26 is currently £20,750pa

Residential Upper Parts – Council Tax Band C.

All interested parties should make their own enquiries either via Hertsmere Borough Council or via www.voa.gov.uk.

 CEPC:                             B Rating (36) valid until 04/02/35

Legal Costs:               Each party to be responsible for their own legal costs.

Anti-Money Laundering: In accordance with revised Anti Money Laundering Regulations two forms of ID and confirmation of funds will be required by the successful applicant. This will apply to landlords/vendor and tenant/purchaser and any other party with a relationship with the property.

Viewing:                     Strictly by appointment only through owners agents Grovelands  020 8731 9777 www.grovelands.net