Restaurant for Sale in Radlett, Hertfordshire, with 3-bed flat
Property ID: RPS-23102
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN DETAILS
3-bed flat with separate rear access and owner's car park
Nearby occupiers include Pizza Express, Tesco, Boots & Gails
Ground floor circa 556 sq. ft with 50 covers & bar
Fully fitted kitchen in the basement circa 602 sq. ft with food lift
Benefits from walk in fridge & walk-in freezer
Gas, extraction, three phase & premises licence in place
LANDLORD’S REQUIREMENTS
Guarantor required (subject to references)
6 month’s rent deposit required (subject to references)
Other usual checks will be carried out
LEASE DETAILS
Lease: Ending January 2032 (Inside the Act of 1954)
Current Rent: £30,000 per annum exclusive
Rent review: Every 5 years
Next Rent Review: January 2027
Premium: £95,000 (Business, Lease & fixtures and fittings)
THE FLAT (UPPER PART)
3-bed flat with separate rear access
Currently occupied by the business owners
THE PREMISES
Ground floor circa 556 sq. ft with 50 covers & bar
Basement kitchen & storage: circa 602 sq. ft
Benefits from walk in fridge, walk-in freezer & food lift
Gas, extraction, three phase & premises licence in place
New Rateable Value: 25,250
Payable Rates: Circa £9,645.5/annum (please confirm with local council)
THE BUSINESS
Gross Revenue: We have been informed that the business generates gross revenue of circa £364,000 per Annum (£7,000/week).
Our clients (wife & husband) manages the restaurant with other 4 staff members.
THE LOCATION
Radlett, WD7
Few minutes from Radlett Station
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements.
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
