Lease for Sale
FULLY FITTED RESTAURANT
Shenley Road, Borehamwood, Herts WD6
(Reference No. 023987)
Situated in a good position on Shenley Road close to Tesco Extra, McDonalds and Elstree Studios. Other occupiers in the parade include Dominos, Bet Fred and Barclays Bank. Borehamwood is served by Elstree & Borehamwood Station which is situated at the other end of Shenley Road which is about a 10 minute walk away. Parking for this property is particularly easy as Tesco has a very large car park and there are parking bays outside the premises which are pay and display but free after 6.30 pm.
Long established restaurant currently offering Indian cuisine (the only Indian restaurant in Shenley Road) and with 48 covers, modern fitted bar and seating area, fully fitted kitchen plus large outside cold-room and store. There is a rear yard with parking. The premises could lend themselves to any cuisine. The premises are air conditioned (not tested), have a modern aluminium shop front and shutters, large male and female WC’s plus staff WC. There is potential to extend to the rear, subject to the necessary consents. The restaurant has traditionally had a good catchment from the film studios, BBC studios and offices and residential accommodation from one end of the town.
Held on a 20 year lease expiring 2034 (approximately 16 years remaining) at a low rent of £19,525 pa with 5 yearly rent reviews. The lease is within the Landlord & Tenant Act 1954.
£69,000 is sought for the fixtures, fittings and equipment and benefit of the lease.
|Subject to Contract
Tel: 020 8559 1122