For Rent£20,000.00 Per Annum
45 Langley Way, WatfordRestaurant/Cafes , 985
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Location: 45 Langley Way, WD17 3EAGBWatfordHertfordshireWD17 3EA45, Langley Way
Property type: Restaurant/Cafes
Tenure: Business for sale, To Let
Rent: £20,000.00 Per Annum
Location: 45 Langley Way, WD17 3EA
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.
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)
Assignment of the current lease for a term of 20 years which we understand expires in September 2034 with 5 yearly rent reviews.
£20,000 per annum exclusive. No VAT payable.
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.
We understand the current service charge is £1,600 per annum.
Rateable Value - £14,750
Rates payable 2018/2019 - £7,080
Rates payable should be verified with Watford Borough Council, Tel: 01923 278466.
Each party to be responsible for their own legal costs.