Commercial properties for sale in Bethune Close, LU1
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LOCATION Rarely available, the premises are situated within a well-established parade of shops on Vesta Avenue, accessed from Watling Street and a short drive to St Albans Abbey Station and St Albans Town Centre.
DESCRIPTION The property comprises a mid-terrace ground floor shop with off street parking to the front and is currently trading as a laundrette and a dry cleaning receiver shop.
LEASEHOLD: £170,000 PLUS STOCK ANNUAL RENT: £42,500 (incl. flat) *NOW WITH LICENCE TO SELL ALCOHOL*
LEASEHOLD: £170,000 PLUS STOCK ANNUAL RENT: £35,000 p.a together with residential flat at £7,500 p.a. Total rent payable £42,500 p.a. (Rent receivable @ £12,840 p.a.)
LENGTH OF LEASE IS TO BE NEGOTIATED WITH THE FREEHOLDER.
Location The shop is situated in the heart of the affluent city of St Albans, which is located approximately 25 miles North of London. The nearest train station is St Albans City (0.6 miles), which offers a journey time to London of approx.18 minutes.
Internal Details Retail space is circa 450 sq/ft and to the rear of the store is a stockroom/sandwich preparation area, along with a w.c.
Fixtures & Fittings We are advised by our clients that all fixtures and fittings are owned outright and included in the price sought for the premium.
Letting Accommodation There is a two bedroom apartment with separate access, currently let at a rent of £1070 per calendar month.
External Details Additional storage is available by means of a detached storage unit in the gated rear yard area. The Council has allocated a single parking space to the rear of the store (an annual parking permit is required at additional cost).
Business Rates The rateable value is £16,250 per annum, effective from 1st April 2017. It is advised that interested parties make their own enquiries with the local authority.
• Turnover for Y/E 30/6/2018: £498,142 • Gross Profit for Y/E 30/06/2018: £168,172 • Net Profit for Y/E 30/6/2018: £139,911 • Additional Residential Rental Income • Prominent Brand Trading for c. 100 years • Energy Rating C • Premises Licence granted by St Albans City & District Council
PRIME RETAIL BUSINESS FOR SALE/RESIDENTIAL PREMISES TO LET
Type: Residential, Retail, Retail - High Street
30 St. Peters Street, AL1 3NAGBSt. AlbansHertfordshireAL1 3NA30, St. Peters Street
The premises are located in the town centre, on the north side of the High Street in a prime retail pitch. The large car park is accessed from East Street. Nearby retailers include Costa and Caffe Nero, Halifax Bank and M & Co. The Metropolitan Line railway station, is a short walk from the property.
The property comprises a three-storey ex bank building with top floor flat, suitable for alternative uses subject to planning. A large car park is to the rear. Currently a bank, the property is being offered with vacant possession from mid-February. Floor areas provided to us (to be checked when full access to the property is available) suggests that the ground floor is 234.5 m2 (2524 ft2) net and first floor is 69.8 m2 (751 ft2) net. The second floor flat is 56.7 m2 (610 ft2). The total net is therefore approximately 360.9 m2 (3885 ft2).
The building would suit alternative uses, including residential in whole or part, subject to planning. Properties nearby have been converted to flats and smaller ground floor shops. Floor plans on request. The property will be sold with vacant possession of the ground and first floors but with the benefit of an Assured Shorthold Tenancy on the top floor flat, which produces £10,000 p.a. We are seeking offers for the freehold interest or for suitable leasehold proposals. ( Agency Pilot Software Ref: 168 )