Fixed price
£45,000 pa
(£16.72/sq. ft. pa)
Restaurant to letFoxes Parade, Waltham Abbey EN9
2,691 sq. ft
About this property
Foxes Parade, Waltham Abbey En9
Substantial Restaurant (Suitable for Banqueting) and 6 Residential Units - fully-fitted restaurant with 150 covers with the ability to expand to up to 200 covers. The premises have a late licence to 2 am arranged over ground floor with substantial kitchen plus first floor WC facilities and 6 residential units above, all let on AST’s and producing £93,200 p.a. (comprising 2,3 bed maisonettes, 2 studios, 1 bed and a 2 bed flats). Viewing strictly by appointment only.
Areas :
248 sq m (2691 sq ft)
Lease :
Option 1: Available on a new sub-lease for a term to be agreed at £45,000 p.a. (Restaurant Only) . This lease is outside the protection of the Landlord and Tenant Act 1954.
Option 2: Assignment of existing Head Lease (15 years from 2018 expiring 2033 at £70,000 p.a. For the whole building including residential upper part for £120,000 Premium. The lease is held within the Landlord and Tenant Act 1954.
Premium: £120,000 is sought for the benefit of the lease and all fixtures, fittings and equipment.
Substantial Restaurant (Suitable for Banqueting) and 6 Residential Units - fully-fitted restaurant with 150 covers with the ability to expand to up to 200 covers. The premises have a late licence to 2 am arranged over ground floor with substantial kitchen plus first floor WC facilities and 6 residential units above, all let on AST’s and producing £93,200 p.a. (comprising 2,3 bed maisonettes, 2 studios, 1 bed and a 2 bed flats). Viewing strictly by appointment only.
Areas :
248 sq m (2691 sq ft)
Lease :
Option 1: Available on a new sub-lease for a term to be agreed at £45,000 p.a. (Restaurant Only) . This lease is outside the protection of the Landlord and Tenant Act 1954.
Option 2: Assignment of existing Head Lease (15 years from 2018 expiring 2033 at £70,000 p.a. For the whole building including residential upper part for £120,000 Premium. The lease is held within the Landlord and Tenant Act 1954.
Premium: £120,000 is sought for the benefit of the lease and all fixtures, fittings and equipment.
.png){kind=logo}