24 Hadham Rd
Bishop's Stortford CM23 2QS
24-26 Hadham Road · Property For Sale · 4,038 SF Total

The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched and hipped roof. There is a two storey office building to the rear of the car park with wooden elevations beneath a pitched roof.
Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables, chairs and bench seating for 106 customers. Ancillary areas comprises a trade kitchen, dry store and customer WC's.
First Floor: The first floor comprises three bedrooms, dry store and bathroom.
Externally: There is a trade terrace to the side of the property with seating on loose tables, chairs and bench seating for 12 customers. To the side is parking for 11 vehicles.
The entire property is let to three private individuals on a 20 year lease from 18 December 2019 at a current rent of £49,305 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 1% and cap of 4% (except in the open market review year). A rent deposit of £11,943 is held by the landlord.
There is a separate office to the rear of the car park that is let on 10 year lease from January 2001 at a rent of £3,250 per annum with the tenant currently holding over.