London Road, St. Albans, AL1

Location

The property is conveniently located only half a mile from St Albans train station, nestled on a bustling strip of shops that sees substantial vehicular and foot traffic. The location boasts free time-restricted parking along its trading street and is surrounded by a diverse range of businesses, including an estate agency, convenience store, and barber shop, among others.

Tenure

We are advised there are around 2 -3 years unexpired on the Lease at a current rental of £15,500 per annum exclusive. We are advised that the Landlord would be willing to grant a new longer lease if required.

Premises

A semi-detached shop, with forecourt seating for 14 covers, facia board, glazed frontage and half glazed entrance door leading into the premises which measures approximately 861 sq. ft. and is arranged as follows:



MAIN CAFE AREA measuring approx. 456 sq. ft. with high ceilings, laminate flooring currently arranged for comfortable 26 seated covers and wall mounted chalk board style menus. To the rear of this area on the right hand side is a product display stand, to the left hand side is a serve over display ice cream freezer behind which is equipped with till system, 2 x double drinks display fridge, 3 group coffee machine, coffee grinder, hot water dispenser and shelving for cups and glasses. An opening at the rear of the main sales area leads through to a KITCHEN

Kitchen

KITCHEN measuring approx. 132 sq. ft. with tiled flooring and walls, strip lighting and equipped with various stainless steel pre tables, panini press, under counter freezer, large stainless steel upright fridge, milkshake maker, 4 x microwaves, commercial extractor system, salamander grill, 2 x large single basket fryer, 6 burner range, stainless steel double sink and wash hand basin. The premises  benefits from CCTV and alarm system.

Basement

A staircase from the main sales area leads down to a BASEMENT measuring approx. 273 sq. ft. in total arranged to provide 2 separate WC's and a STORE ROOM with racking, 2 x chest freezers, 1 large upright freezer and 2 x  stainless steel upright fridges.

Trading Hours

Monday - Sunday 7 am - 2:30 pm.

Staff

The business is run by the vendor, with the assistance of 4 part time members of staff.

Turnover

We are advised turnover averages approximately £4,000 per week working to the usual high gross profit margins associated with the trade.

Business Rates

The premises is subject to a ratable value of £14,750 and we are advised business rates are payable at approximately £300 per annum.

Legal Costs

Each party to be responsible for there own, with the landlords legal cost to be split 50/50 based on a lease assignment. If a new lease is granted then each party to be responsible for there own, with the landlords legal costs involved in the surrendering of the exciting lease to be the responsibility of the vendor, and the landlords legal cost involved in the granting of the new lease to be the responsibility of the purchaser.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.