HERTFORDSHIRE - BASEMENT CLUB TO LET
Hemel Hempstead, Hertfordshire
Ref: 95528
Leasehold Nil Premium
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Key Features
Location
Redz is located in the town centre of the large Hertfordshire conurbation of Hemel Hempstead. Hemel Hempstead is understood to have a population in the region of 90,000 residents.
Hemel Hempstead lies approximately 25 miles north-west of London, 8 miles west of St Albans and 8 miles north of Watford. Industry is formed from a mixture of heavy and light engineering and has attracted a significant number of information technology and communications sector companies due to its proximity to London and the UK motorway network.
Hemel Hempstead lies on junction 8 of the M1, just north of the M25 at junction 21a. The town also lies on the A41 trunk road running between Watford and Bicester via Aylesbury. Mainline railway connections are available from Hemel Hempstead to London Euston, South Croydon, Milton Keynes Central, Watford and Northampton.
Redz is a basement unit located in the heart of the Old Town, a stone's throw from the more modern town centre and forms part of a drinking circuit on the Old Town's high street.
Hemel Hempstead lies approximately 25 miles north-west of London, 8 miles west of St Albans and 8 miles north of Watford. Industry is formed from a mixture of heavy and light engineering and has attracted a significant number of information technology and communications sector companies due to its proximity to London and the UK motorway network.
Hemel Hempstead lies on junction 8 of the M1, just north of the M25 at junction 21a. The town also lies on the A41 trunk road running between Watford and Bicester via Aylesbury. Mainline railway connections are available from Hemel Hempstead to London Euston, South Croydon, Milton Keynes Central, Watford and Northampton.
Redz is a basement unit located in the heart of the Old Town, a stone's throw from the more modern town centre and forms part of a drinking circuit on the Old Town's high street.
Property
TRADE AREAS:
- BAR: With BAR SERVERY, nonslip flooring and DJ booth. Alcove for seating offset.
- CELLAR AREA.
- LADIES' TOILETS.
- GENTLEMEN'S TOILETS.
- BAR: With BAR SERVERY, nonslip flooring and DJ booth. Alcove for seating offset.
- CELLAR AREA.
- LADIES' TOILETS.
- GENTLEMEN'S TOILETS.
The Business
The property has recently been let to a third-party, however the business is currently closed. No trade is sold or warranted. Historic accounts are not available. Interested parties must make their own assumptions as to achievable trade figures giving regard to the location, size and style of the property.
Tenure
LEASEHOLD: Nil Premium
TERM: To be agreed by negotiation
LANDLORD & TENANT ACT 1954: Outside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord’s consent
BOND: A bond equivalent to three months’ rent in advance plus personal guarantors if the lease is taken as a Limited Company
RENT: £24,000 per annum, paid quarterley in advance
RENT REVIEW: Subject to rent reviews dependent on the length of term at Open Market Rent or RPI whichever is greater
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will not be payable on rental payments
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
TERM: To be agreed by negotiation
LANDLORD & TENANT ACT 1954: Outside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord’s consent
BOND: A bond equivalent to three months’ rent in advance plus personal guarantors if the lease is taken as a Limited Company
RENT: £24,000 per annum, paid quarterley in advance
RENT REVIEW: Subject to rent reviews dependent on the length of term at Open Market Rent or RPI whichever is greater
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will not be payable on rental payments
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held permitting openening hours:
Monday to Thursday: 12:00 - 02:00
Friday to Saturday: 12:00 - 04:00
Sunday: 12:00 - 02:00
Monday to Thursday: 12:00 - 02:00
Friday to Saturday: 12:00 - 04:00
Sunday: 12:00 - 02:00
Services
All mains services are connected
Local Authority: Dacorum Borough Council
Rateable value as at 01 April 2023: £20,000
Local Authority: Dacorum Borough Council
Rateable value as at 01 April 2023: £20,000
Enquire about this listing
Robert Cockayne
South East & London
Ref: 95528
