Verdi's, 1A Clarence Road, St Albans, Hertfordshire, United Kingdom, AL1 4NF

A single storey, detached building prominently positioned on the edge of a nine acre park. The original building has been extended with the addition of a large conservatory to the rear offering snug seating and dining area. To the front of the property, a covered decked area for storage and a welcoming customer holding area for peak service times has been added.

Located in the award winning 25 acre Clarence Park, Verdi's sits on the corner, facing into a beautiful quiet spot of the park just a few steps away from the local football ground and children's play area. Just a short walk into the city centre of St Albans and train station, Verdi's boasts a prime location appealing to an array of customers.

The property briefly comprises circa 50 covers internally, with a purpose built pizza oven, commercial kitchen and bar area.

There is a large loft space, boarded, with light and power used for storage.

We are advised that all trade fixtures and fittings are owned outright and will be included. Inventory provided once deal agreed.

The restaurant has a large outdoor terrace to the rear of the property, with a stand-alone single storey building used for ice cream sales. The outside space is set within the award-winning Clarence Park, offering approximately nine acres of landscaped gardens, with on-site parking and children's play area amongst a list of different leisure facilities. This unique location gives the business potential to serve thousands of customers per day throughout the year.

This is a UNIQUE business opportunity due to it's location and trading ability.

Trading as an Italian restaurant, cafe and takeaway, Verdi's consistently offers a quality level of service and high standards of food, and has done so throughout it's 30 years of trading.

Family run, the business has evolved over the years and adapted to changes in their offering, now providing a 'through the window' takeaway service for customers visiting the park, as well as hosting monthly jazz afternoons and regular coffee mornings. The impact of these changes has resulted in a steady growth in turnover coming out the lockdown period, having stayed open throughout in line with government guidelines.

Verdi's opens and trades seven days per week, breakfast through to dinner. A new operator would immediately benefit from the excellent reputation the current owners have built, with a constant stream of returning customers.

Some staff may need to be transferred under TUPE. A list of staff will be made available to seriously interested parties.

Trading information will be made available once a formal viewing has taken place.

Open daily from 8am

A free of tie lease, with 15 years remaining and five yearly reviews. The annual rent is £22,000.
The vendor is looking for the following:
£150k premium
£40k pa in addition to rent for 5 years on sub-let terms
£100k payment on completion of 5 years to assign lease.

Rateable value of £25,000.