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High Street, St Albans, Hertfordshire

979 sq. ft.

Property Description

Commercial information

  • 979 sq ft (90 sq m)
  • Use class orders: A3 Restaurants and Cafes

Full description

Warren Anthony Commercial are delighted to bring to the market this well established Thai restaurant situated just off the High Street in Central St Albans, immediately adjacent to the Cathedral and benefits from a high level of passing trade.

St Albans is a thriving and affluent City located in Hertfordshire.

The restaurant has we understand a total of circa 50 covers approx over a split level arrangement, covering the entire ground floor of the property.

There is a bar area to the rear of the restaurant as well as a good sized commercial kitchen,fully fitted with high specification equipment and separate wash up area.

It comprises an attractive ground floor split level , Thai restaurant which we believe can easily be adapted to suit the needs of any incoming operator. The property we understand underwent refurbishment by the current owner less than five years ago and all the fixtures and fittings are of good quality and these are to be included in the purchase price. The restaurant is glass fronted and well positioned to attract many people passing/walking by between the bustling High Street and Cathedral.

Use A3 (Restaurant/Cafe).

Premium £140,000 subject to contract for the benefit of the lease, fixtures and fittings.

Rental £22,000 per annum exclusive.

Lease available by way of a new full repairing and insuring lease for a term to be agreed subject to periodic rent reviews.

Business rates with we understand annual rates payable of £9,000 per annum. However, it is recommended that all interested parties make their own enquiries direct with the local rating department at St Albans City Council.

Size 979 sq ft approx.

Staff owner managed with 5 staff.

Turnover with we understand a current turnover in excess of £312,000 per annum approx.

Accounts available on request.

Legal costs to be confirmed.

Local authority St Albans.

Important Notice
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

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