• St Albans is a thriving and affluent City located
• There is a bar area to the rear of the restaurant
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 Â£95,000 subject to contract for the benefit of the lease, fixtures and fittings. Rental Â£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 Â£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 Â£312,000 per annum approx. Accounts available on request. Legal costs to be confirmed. Local authority St Albans. Warren Anthony will charge a fee of Â£250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord. A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account. Any fixtures, fittings, equipment, machinery and plant which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition. Warren Anthony for themselves for the Lessors, Vendors and their agents give notice that, 1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 2. These details do not constitute any part of an offer or contract. 3. All statements or details contained within these particulars are without any responsibility on any part to Warren Anthony. 4. All rent, prices, fees and charges are quoted exclusive of VAT. Viewing through Warren Anthony Commercial by prior appointment only.
This shop, retail unit for sale is located in St Albans
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