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172 - 174 Darkes Lane, Potters Bar, EN6 1AF
1,689 Sq Ft / Leisure / Restaurants / Cafes
Withdrawn - Last updated: 06 May 2022
Summary
The Property comprises a ground floor restaurant with a large selfcontained, split-level maisonette above. The restaurant comprises an external seating area to the forecourt, main restaurant, and a kitchen to the rear. Externally, there is rear loading and car parking for up to 2 vehicles. The maisonette has an independent access from Darkes Lane, from where stairs rise to the first floor comprising two rooms, a kitchen, and bathroom. A further staircase leads to the second floor comprising two rooms. The maisonette benefits from uPVC double glazing and gas-fired central heating.
Key Points
Guide Price
The freehold interest subject to the tenancies described above is available at a guide price of £495,000. VAT is not chargeable.
Legal Cost
Each party to bear their own legal costs incurred in the transaction.
Location
The Property is situated in a good retail position to the Northern end of Darkes Lane. National occupiers within close proximity include Boots, Nationwide Building Society, Dreams Beds, Royal Mail Sorting Office, and Wetherspoons.Terms
The property is available freehold subject to the existing tenancies. The ground floor restaurant is let on a fully repairing and insuring lease for a term of 10 years from 5 March 2019, (thus expiring on 4 March 2029) to two individuals. There are no break clauses. The current rent is £16,XXXax subject to review to the Market Rent or passing rent, whichever is the greater on 5 March 2024. NB: The Tenant has been trading from the premises for c.13 years. The maisonette is let to two individuals on an Assured Shorthold Tenancy at £1,195/calendar month equating to £14,XXXa. The total rent under the two tenancies is therefore £30,340.
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