Prominent Restaurant Investment
Prominent Restaurant Investment
The property is situated on the eastern side of The Marlowes, close to its junction with Midland Road. Marlowes is the town's principal retailing thoroughfare, with occupiers including Tesco Express, WH Smith, Poundland
and branches of Lloyds, HSBC and Halifax banks. Hemel Hempstead is a popular Hertfordshire commuter town, with excellent rail communications to London.
Virtual Freehold. Held for a term of 999 years expiring 25th June 3013 at a peppercorn rent.
The property is situated on the eastern side of The Marlowes, close to its junction with Midland Road. Marlowes is the town's principal retailing thoroughfare, with occupiers including Tesco Express, WH Smith, Poundland
and branches of Lloyds, HSBC and Halifax banks. Hemel Hempstead is a popular Hertfordshire commuter town, with excellent rail communications to London.
Virtual Freehold. Held for a term of 999 years expiring 25th June 3013 at a peppercorn rent.
The property comprises a ground floor restaurant with ancillary accommodation on the basement floor, forming part of a larger building.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor restaurant with ancillary accommodation on the basement floor, forming part of a larger building.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Restaurant/Ancillary Ancillary |
151.76 sq m 52.69 sq m |
(1,634 sq ft) (567 sq ft) |
M UDDIN t/a Mazza Restaurant (1) |
20 years from 05/06/2015 until 04/06/2035 on effectively full repairing and insuring terms |
£45,000 | 05/06/2020 and five yearly thereafter |
| Total | 204.48 sq m |
(2,201 sq ft) |
£45,000 | ||||
(1) Mazza restaurant provides a uniquely styled environment offering the best in Indian and Bangladeshi cuisine (Source: www.mazza-restaurant.co.uk 01/06/2017). A rent deposit of £20,000 is held by the Vendor.
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