Basic Facts
Property ID:
17851
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Post Updated:
2023-12-05 12:48:27
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Status:
Acquired
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Type:
Restaurant
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Tenure:
Freehold
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Area:
2524 sq ft
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Gross Rent:
£ 65,000
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Lease Term Expiry Date:
20/12/32
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Years left on Lease:
8.7
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VAT applicable:
No
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Property Description
- Greater London Restaurant Investment
- Located within a high residential catchment area.
- Situated in a highly prominent position on Shenley Road immediately in front of Borehamwood Shopping Park.
- Ground floor restaurant comprising 2,524 sq ft.
- A new 999-year lease from completion.
- Let to Nando’s Chickenland Limited at a current passing rent of £65,000 per annum.
- Let for a further 9.5 years term certain.
- The property has an EPC rating of B.
Location Description
- The subject property is located within the main leisure area in Borehamwood immediately to the front of Borehamwood
- Retail Park which includes Next, Argos, M&S Simply Food, Aldi, Lidl, Sports Direct and Costa Coffee. The subject property
- benefits from high visibility footfall in the centre of the high residential catchment area of Elstree and Borehamwood.
Features
£500k - £1m
Attractive property
Blue-chip tenant