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For Sale£75,000.00
OR
For Rent£20,000.00 Per Annum

45 Langley Way, Watford

Restaurant/Cafes , 985
Property type: Restaurant/Cafes
Tenure: Business for sale, To Let
Size: 985
Price: £75,000.00
Rent: £20,000.00 Per Annum
Location: 45 Langley Way, WD17 3EA

LOCATION
Rarely available, the premises are situated within the well-established parade of shops on the Cassiobury Estate, Watford, located on Langley Way directly off Hempstead Road.

DESCRIPTION
The property comprises a mid-terrace ground floor shop with off street parking to the front and is currently trading as an A3 Restuarant.

Glazed Frontage WC Facilities
Fully fitted kitchen (not tested) Rear Access
Fixtures & Fittings

APPROXIMATE NET AREAS
Approximate net area including the kitchen:-

985 sq ft (91.50 sq m)

LEASE
Assignment of the current lease for a term of 20 years which we understand expires in September 2034 with 5 yearly rent reviews.

RENT
£20,000 per annum exclusive. No VAT payable.

PREMIUM
By way of separate negotiation, the current tenant is seeking in the order of £75,000 plus VAT (if applicable) for the goodwill of the business including the fixtures, fittings and stock.

SERVICE CHARGE

We understand the current service charge is £1,600 per annum.

RATES
Rateable Value - £14,750
Rates payable 2018/2019 - £7,080

Rates payable should be verified with Watford Borough Council, Tel: 01923 278466.

LEGAL COSTS
Each party to be responsible for their own legal costs.

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