144 High Street Watford Hertfordshire WD17 2EN

144 High Street
Watford
Hertfordshire
WD17 2EN

Freehold Restaurant Investment

Entirely let to individuals, t/a Café Mezza Restaurant until 2024
Prominently situated in a prime retail position
Outstanding 2009 rent review
Located directly opposite the Harlequin Shopping Centre
Nearby occupiers include Boots the Chemist, Pizza Express, Toni & Guy and Waterstone's
Six Week Completion Period Available

Lot
11
Auction
7th July 2011
Rent
£45,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Restaurant Investment

Entirely let to individuals, t/a Café Mezza Restaurant until 2024
Prominently situated in a prime retail position
Outstanding 2009 rent review
Located directly opposite the Harlequin Shopping Centre
Nearby occupiers include Boots the Chemist, Pizza Express, Toni & Guy and Waterstone's
Six Week Completion Period Available

Lot 11
Auction 7th July 2011
Rent £45,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 17.5 miles north-west of Central London
Roads: A411, M1 (Junction 5), M25 (Junction 19)
Rail: Watford High Street Overground Station
Air: London Heathrow Airport

Situation

The property is situated in a prominent location on the southern side of High Street directly opposite The Harlequin Shopping Centre which houses retailers such as John Lewis, W H Smith, Next, Primark and Marks & Spencer. Other nearby occupiers include Boots the Chemist, Pizza Express, Toni & Guy and Waterstone's.

Tenure

Freehold.

Location

Miles: 17.5 miles north-west of Central London
Roads: A411, M1 (Junction 5), M25 (Junction 19)
Rail: Watford High Street Overground Station
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor restaurant unit with first floor storage accommodation. The property also benefits from a yard to the rear.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor restaurant unit with first floor storage accommodation. The property also benefits from a yard to the rear.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First	Restaurant Storage	151.6 sq m 53.9 sq m	(1,632 sq ft) (580 sq ft))	INDIVIDUALS (t/a Café Mezza Restaurant) (1)	20 years from 23/12/2004 until 22/12/2024 on a full repairing and insuring lease	£45,000	23/12/2009 (2) and five yearly thereafter
Totals		205.5 sq m	(2,212 sq ft)			£45,000

(1) Café Mezza Restaurant, which opened in 2004, offers some of the finest Lebanese cuisine in London. Another Mezza restaurant, Mezza Pizza opened in 2002 and operates from Villiers Road, Watford. (Source: www.cafemezza.com 31/05/2011)

(2) Please note that the 2009 rent review is outstanding.