Restaurant/cafe to let in Fore Street, Hertford SG14

The premises comprise a two storey restaurant arranged over ground and lower ground floors. The ground floor has a fully fitted kitchen to the rear and further to the rear are built-in cold stores. An attractive spiral staircase leads to the lower ground floor which contains a high quality island bar. WCs are also to the lower ground floor. A disabled lift provides access between the two floors. The restaurant is currently trading.

Location
The premises are situated within the main restaurant/bar area of Hertford, close to a number of other operators including Salisbury House Hotel, Pizza Express and Peach. The main shopping areas are close by as are the towns main car park.

Description
The premises comprise a two storey restaurant arranged over ground and lower ground floors. The ground floor has a fully fitted kitchen to the rear and further to the rear are built-in cold stores. An attractive spiral staircase leads to the lower ground floor which contains a high quality island bar. WCs are also to the lower ground floor. A disabled lift provides access between the two floors. The restaurant is currently trading. The current tenant has requested a premium of £50,000 and has indicated a new lease may be available.

Terms
The premises are currently let by means of a lease running to 31st January 2036 at an existing full repairing and insuring lease for a term of 10 years or longer subject to 5 yearly rent reviews.

Outgoings
The local authority have advised that the rateable value is £22,500. Until the 1st April 2024, rates are subject to a 75% discount (i.e. Only 25% payable).

VAT
The property is subject to VAT.

Legal costs
Each party will be responsible for their own legal costs.