Restaurant/cafe to let in High Street, Hertfordshire AL3

This recently renovated restaurant on the ground floor (1024 square feet approx.) and an adjoining fourbedroom apartment on the first story (920 square feet approx.) are being offered by Ultimate Connexions Sales and Commercials in a wonderfully maintained historic structure. Available on a brand-new lease with terms to be determined; annual rent in the neighbourhood of £45,000; business premium of £50,000.

The First floor is now rented out and earning £20,000 per year on a two-year AST. The owner wants the new tenant to lease the entire building so they can benefit greatly from the rental income from the flat, which
will lower their monthly rent obligation to £25,000.00.

The building consists of a Use Class (E)restaurant and bar on the ground floor with 54 seats, an alcohol licence, a fully equipped commercial kitchen, a reception space, and restrooms. The private entry leads to the First Floor Use Class (C3) residential unit, which has four bedrooms, a living room and a renovated kitchen and bathroom.

Due to the property being the sole traditional restaurant venue in the village, the property was previously operated as an Indian restaurant/takeaway and would profit from a comparable occupier. However, there is opportunity for any food and beverage occupier to prosper here.

One crucial point to note:

There are no business rates included in the costing of this purchase.

It is close to amenities and is situated in Redbourn High Street. The M1 and M25 highways, the neighbouring Luton Airport, and the quick train connections into London from nearby Harpenden and St.Albans make Redbourn a well-liked village with great transportation options.

Property Type: Restaurant

Floor / Land Area1759 sqft
Extra Features

Character Property in village location

Accommodates 54+ covers

Licence to serve alcohol

Ancillary 4-bed First Floor Apartment

Recently refurbished

Fully fitted commercial kitchen with ample storage