Watford High Street

Retail Catering Premises to Let

LOCATION

Watford High Street railway station is located in Watford, Hertfordshire. It is served by the Watford DC Line on the London Overground network. Watford High Street is a busy retail hub with a number of well-known brands and is also home to the ‘Intu’ shopping mall which features such high street brands as ‘John Lewis’, ‘H&M’ and ‘Next’.
The property faces out on to the station approach on Watford High Street. It is adjacent to the only entrance to the station, as well as the taxi collection point and a car park.
Total passenger entries and exits in 2017-18 were 1,363,960 (source: ORR 2018).

DESCRIPTION

The retail unit has a net internal area of approximately 57 sq. m (615 sq. ft). The property has a kitchen area of approximately 10.5 sq. m (113 sq.ft), a storage area, unisex WC, as well as power and water supplies. External seating is available.
The premises are suitable for catering use and are available immediately.

LEASE

The property is available by way of a new lease term to run until May 2023. The lease will be subject to a rent review at the end of the third year of the term.
The lease will be excluded from the security of tenure provisions of the Landlord & Tenant Act 1954. Standard railway lease terms will apply. The lease will not permit assignment or sub-letting.

RENT

Rental offers invited in the region of £18,000 per annum plus VAT with a supporting turnover percentage. A rent deposit will be payable. Rent is payable quarterly in advance by standing order. AmeyTPT will be required to undertake credit checks
on the successful tenant.

EPC

The premises have an EPC rating of E.

BUSINESS RATES/UTILITIES

The incoming tenant will be responsible for the payment of any utility consumption as well as any business rates levied on the property and should contact the local authority for an indication of rateable value.

COSTS

The incoming tenant will be expected to pay the Landlord’s reasonable legal costs in connection with the grant of the lease. These costs are estimated to be £733 plus VAT.

VIEWING

For further information, and to request a viewing
please contact –

David Murray
Email: david.murray@amey.co.uk
DDI : 020 7921 2936