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London Properties are pleased to offer to the market this well established Thai Restaurant situated

Undisclosed, Hertfordshire
Leasehold Price:
£140,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
225222
Reference
AL3 4EW / Rightbiz

Details

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.

 

 

 

DESCRIPTION:

 

The restaurant has a total of .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.

 

 

 

BUSINESS:

 

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.

 

 

 

USES:

 

A3/A4/A5

 

 

 

PREMIUM:

 

£140,000 for the benefit of the lease, fixtures & fittings.

 

 

 

RENTAL:

 

£22,000 per annum

 

 

 

TERMS:

 

New lease available

 

 

 

BUSINESS RATES:

 

Annual rates payable of £9,000 per annum. Interested parties are recommended to make their own enquiries with the Rating Department of St. Albans Borough Council

 

 

 

SIZE:

 

Approximately 979 sq ft

 

 

 

STAFF:

 

Owner managed with 5 staff

 

 

 

TURNOVER:

 

Current turnover in excess of £312,000 per annum.

 

 

 

ACCOUNTS:

 

Available on request

 

 

 

LEGAL COST:

 

To be confirmed

 

 

 

LOCAL AUTHORITY:

 

St Albans

 

 

 

ENERGY PERFORMANCE CERTIFICATE:

 

Energy Performance Asset Rating is 87- D Rating. A copy of this property’s energy performance certificate can be viewed at www.london-properties.co.uk as a pdf file

 

 

 

COVERS:

 

45-50

 

 

 

REFERENCE CHARGE:

 

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

 

 

 

HOLDING DEPOSIT:

 

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

 

 

 

FIXTURE & FITTINGS:

 

Any fixtures, fittings, equipment, machinery and plants 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

 

 

 

AGENT NOTE:

 

London Properties for themselves for 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 London Properties. 

 

4. All rent prices, fees and charges are quoted exclusive of VAT

 

 

 

 

VIEWINGS:

 

Through London Properties by appointment only

Listing Details
Leasehold Price: £140,000
Tenure: Leasehold
Sector: Thai Restaurants, Chinese Restaurants, Restaurants
Financials
Annual Turnover: £312,000
Key Features
  • Established Business
  • Adjacent to Multiple Retailers
  • Price Reduced
  • Accounts Available
  • Attractive Business
  • Free of Tie Leasehold
  • High Turnover
  • Open Plan Trading Area
  • Fully Fitted
  • Offers Invited
  • Prime Location
  • Town Centre location
  • Close to Local Amenities
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