Restaurant for sale

High Street, Ware SG12

Investment Consideration:
Gross Initial Yield: 9.08%
Rental Income: £35,400 p.a.
VAT is not applicable to this property
Comprises ground floor restaurant with 4-bedroom flat above
Let until September 2036. Rent review linked to rpi in September 2031
Situated within 2 min walk from Ware Train Station (Greater Anglia)
Occupiers nearby including Costa Coffee, Sainsbury`s Local, Age UK, Card Factory, Boots, Subway, William Hill and Tesco Superstore, amongst other local retailers.

Property Description:
An end of terrace Grade II Listed building comprising a ground floor restaurant with internal access to a 4-bed flat above, providing the following accommodation and dimensions:
Ground Floor: 71 sq m (763 sq ft)
Open plan restaurant, kitchen, wc`s
Basement: 50 sq m (540 sq ft)
First Floor: 59 sq m (640 sq ft)
Kitchen, living room, 1 bedroom, bathroom
Second Floor: 33 sq m (350 sq ft)
3 bedrooms
Total gia: 213 sq m (2,293 sq ft)

Tenancy:
The property is at present let to Euphemia C Moore Ltd (with personal guarantee) for a term of 10 years from 22nd September 2026 at a current rent of £35,400 p.a. And the lease contains full repairing and insuring covenants. Rent review on 22.09.31 linked to rpi (1%-4% collar & cap). Tenant option to determine on 22.09.31 with min 6 months notice. Deposit held of £8,850.
*Rent free period of 3 months from lease start date. The vendor will top-up rent until 21.12.26 so the buyer receives the equivalent to £35,400 p.a. From sale completion.

Location:
Ware is an affluent market town approximately 21 miles north-east of Central London, close to the A10 with easy access to the A1(M) and M11. The property is situated in the heart of the town centre within 2 min walk from Ware Train Station (Greater Anglia), It offers direct, regular routes to London Liverpool Street, Stratford, and Hertford East, with typical service frequencies ranging from two to four trains per hour depending on the time of day. Occupiers nearby include Costa Coffee, Sainsbury`s Local, Age UK, Card Factory, Boots, Subway and William Hill.