3-5 Cunningham Way, Leavesden, Watford, Hertfordshire, WD25Rarely Available Fully Fitted Trading Restaurant - Lease For Sale to let

£53,000 per annum ()
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Main Features

  • 20 year lease for sale from June 2017
  • Premium payment - £950,000 plus VAT
  • Very close proximity to Warner Bros. Studios Leavesden
  • High standard of fitout
  • 1 parking space

About this property

The property comprises a prominent mid-terrace ground floor restaurant with large frontage currently trading as Studio Kitchen established for approximately 5 years and is fully fitted to a high standard with seating capacity of up to 120 covers internally, benefitting from Air conditioning, open kitchen, cold storage, W/C facilities, rear access for loading and 1 allocated parking space. Current trading hours:- Monday - Thursday 8am-9pm. Friday - Saturday 8am-10pm Sunday 9am-9pm

Location

Prominently situated within a parade of shops on Cunningham Way accessed via Aerodrome Way, where the parade includes a Co-op convenience store and doctors surgery along with other traders and forms part of a large recently built residential development.
Warner Bros. Studios Leavesden is in very close proximity along with Leavesden Park offices which are located opposite.
The property is located close to junctions 19 & 20 of the M25 providing access to the national motorway network and a short drive to Watford town centre and Watford Junction mainline station.

Lease

Assignment of the 20 year lease on effective full repairing and insuring terms which commenced from June 2017 with 5 yearly upward only rent reviews with the next rent review in June 2022 (notice not yet served).

Rent

£40,000 per annum exclusive

Price

By way of separate negotiation, the current tenant is seeking a premium in the order of £950,000 plus VAT for the goodwill, lease, stock and fixtures and fittings (Clarification upon request).

Legal Costs

Each party to be responsible for their own legal costs.

Car Parking Details

1 allocated parking space

Viewing

By appointment only please through joint agents:
Joel Lobatto – Perry Holt Chartered Surveyors
Allan Grossman – Warren Anthony Commercial

VAT

We understand that VAT is payable on the rent

Map

Branch

Perry Holt

01923 239080

[javascript protected email address]

Opening hours

  • Monday09:00 - 18:00
  • Tuesday09:00 - 18:00
  • Wednesday09:00 - 18:00
  • Thursday09:00 - 18:00
  • Friday09:00 - 18:00
  • Saturday -
  • Sunday -

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