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Retail Property (high street) for sale

St Peters Street, St. Albans, Hertfordshire


Property Description

Key features

  • Turnover for Y/E 30/6/2018: 498,142
  • Gross Profit for Y/E 30/06/2018: 168,172
  • Net Profit for Y/E 30/06/2018: 139,911
  • Additional Residential Rental Income
  • Prominent Brand Trading for c. 100 years
  • Energy Rating C
  • Premises Licence granted by St Albans City & District Council

Full description

Tenure: Leasehold

LEASEHOLD: £199,000
ANNUAL RENT: £42,500 (incl. flat)

A three-storey brick built building, equipped for the sale of newspapers, magazines, cigarettes, cards, sandwiches and convenience store items such as food and alcohol. There is ample customer footfall and a good visual presence on the high street.

The shop is situated in the heart of the affluent city of St Albans, which is located approximately 25 miles North of London.
The nearest train station is St Albans City (0.6 miles), which offers a journey time to London of approx.18 minutes.

Internal Details
Retail space is circa 450 sq/ft and to the rear of the store is a stockroom/sandwich preparation area, along with a w.c.

Fixtures & Fittings
We are advised by our clients that all fixtures and fittings are owned outright and included in the price sought for the premium.

Letting Accommodation
There is a two bedroom apartment with separate access, currently let at a rent of £1070.00 per calendar month in additional income.

External Details
Additional storage is available by means of a detached storage unit in the gated rear yard area. The Council has allocated a single parking space to the rear of the store (an annual parking permit is required at additional cost).

The Opportunity
This business has been operated by the current occupiers for 36 years. The business before their ownership had been trading for circa 100 years.
There is scope to grow the trade further through increased opening hours and diversifying the product range.
We recommend a viewing to fully appreciate this business opportunity.

The business is currently run by the owner and 2 members of staff.

Trading Information
Additional financial and trading information is available on request.

Trading Hours
Monday – Saturday 5:00am – 6:00pm
Sunday 5:00am to 4:00pm

Business Rates
The rateable value is £16,260, effective from 1st April 2017.
It is advised that interested parties make their own enquiries with the Local Authority.

More information from this agent

Energy Performance Certificate (EPC) graphs

Map & Street View

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