This retail is now off the market

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  3. Hemel Hempstead

Marlowes, Hemel Hempstead HP1 1BB – Hemel Hempstead

This retail is now off the market

Warren Anthony
Full address
Marlowes, Hemel Hempstead HP1 1BB – Hemel Hempstead
Contact details

020 *** ****

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Property type
Shop, retail unit for sale ‐ Shop
Asking price
Kitchen, Restaurant, Storage, Train transport
609 sq ft

The property comprises on the ground floor the fol
• Restaurant 609 sq ft approx with seating capacity
Warren Anthony Commercial are delighted to bring to the market this well located main road shop with self contained living accommodation above with the shop now trading as a flame grilled peri peri chicken restaurant and takeaway. It is to be found at the Old Town end of this continuously evolving new town close to the newly built Forum Civic Centre/Library, Dacorum Campus and recently openedewly built West Herts College opposite with the town centre with its excellent shopping facilities, Marlowes Shopping Centre, coffee shops, bars and restaurants nearby. Also Hemel Hempstead mainline railway station, Jarman Square Leisure Centre and access to the M1 motorway nearby. The property comprises on the ground floor the following. Restaurant 609 sq ft approx with seating capacity for 38 persons. Kitchen 122 sq ft approx fully fitted. Separate external storage at the rear 362 sq ft approx. Separate male and female toilets. The residential upper part comprises a self contained 2 bedroom flat with both external and internal access and currently let on an informal monthly/assured shorthold tenancy and producing an income of £1,000 per calendar month. Lease available by way of a full repairing and insuring basis renewable for a term of 25 years from April 2013 subject to 5 yearly upward rent reviews with next rent review in April 2018. Rental £15,000 per annum exclusive. Premium with realistic offers considered in the sum of £80,000 subject to contract for the benefit of the lease, business, fixtures and fittings. Opening hours 7 days a week Monday - Saturday 12 pm - 11 pm whereas Sunday 5 pm - 11 pm. Turnover with a current turnover we understand to be between £3,500 - £4,000 per week/£180,000 - £200,000 per annum with a net profit in the region of £40,000 - £50,000 per annum but offering much potential for higher figures subject to various changes to incklude maybe longer opening hours etc. Staff owner managed with up to 7 part and full time staff. Business rates with a rateable value of £17,000 with rates payable we are informed by the current owner to be £7,000 per annum. However, all interested parties are recommended to make their own enquiries to the local rating department at Dacorum Borough Council. Legal costs to be confirmed. Local authority Dacorum Borough Council. Warren Anthony will charge a fee of £250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord. A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account. Any fixtures, fittings, equipment, machinery and plant which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition. Warren Anthony for themselves for the Lessors, Vendors and their agents give notice that, 1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 2. These details do not constitute any part of an offer or contract. 3. All statements or details contained within these particulars are without any responsibility on any part to Warren Anthony. 4. All rent, prices, fees and charges are quoted exclusive of VAT. Viewing through Warren Anthony Commercial by prior appointment only.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Warren Anthony. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Warren Anthony for full details and further information.