Restaurant for sale

Pin Petch, 1/2 Waxhouse Gate, High Street, St Albans, Hertfordshire, AL3 4EW

Offers in Region of £140,000

Property Description

Commercial information

  • Business for sale

Key features

  • 45-50 cover restaurant
  • Located just off the High Street
  • Annual rent of 22,000
  • High footfall
  • New lease available
  • Energy Rating D

Full description

Tenure: Leasehold

Description

Pin Petch is an attractive ground floor, split level, Thai restaurant which could be easily adapted to suit the offering of the incoming operator.

The property underwent refurbishment by the current owner less than five years ago and all the fixtures and fittings are of good quality and included in the purchase price.

The restaurant is glass fronted and well positioned to attract the many passers by walking between the bustling High Street and the cathedral.

Location

The property is located just off the High Street in central St Albans, immediately adjacent to the cathedral and benefitting from a high level of passing trade.

St Albans is a thriving and affluent city located in central Hertfordshire. As well as benefitting from a wealthy local population, the city also attracts visitors from further afield including Hemel Hempstead (five miles), Watford (10 miles) and London (20 miles).

Internal Details

The restaurant has a total of c.50 covers over a split level, covering the ground floor of the property. There is a bar area to the rear of the restaurant as well as a good size commercial kitchen, fully fitted with high specification equipment and separate wash up area.

Fixtures & Fittings

We are advised that the trade fixtures and fittings in the property will be included in the sale, with the exception of any personal items or equipment, which may be subject to lease or hire purchase agreements.

The Opportunity

Pin Petch is being operated by an experienced tenant offering high quality Thai food that is very popular with its many regular visitors. A new operator could benefit from the restaurant's quality reputation or refurbish and reposition to offer an original concept to the city.

With its strong trading location between the High Street and cathedral, there is a great opportunity for an incoming lessee to take advantage of this attractive and well appointed property.

Trading Information

Advised weekly turnover of £6,000 per week. Accounts can be made available to seriously interested parties.

Trading Hours

Monday: Closed
Tuesday-Friday: 12 noon-3.30pm and 5pm-11pm
Saturday: 12 noon-11pm
Sunday: 12 noon-10.30pm

Business Rates

Annual rates payable of £9,000 per annum.

Regulatory

Premises Licence.


More information from this agent

Nearest stations

  • St. Albans Abbey (0.4 mi)
  • St. Albans (0.4 mi)
  • Park Street (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Reading

200 Brook Drive, Reading, RG2 6UB

0118 453 0310 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • St. Albans Abbey (0.4 mi)
  • St. Albans (0.4 mi)
  • Park Street (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Reading

200 Brook Drive, Reading, RG2 6UB

0118 453 0310 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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