Restaurant/cafe to let in High Street, Hertfordshire AL3
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Property features
- Vacant possession
Property description
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
Property info
For more information about this property, please contact
Ultimate Connexions, LU1 on +44 1582 936301 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Ultimate Connexions, and do not constitute property particulars. Please contact Ultimate Connexions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.