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For Sale£170,000.00

PRIME RETAIL BUSINESS FOR SALE/RESIDENTIAL PREMISES TO LET

Residential, Retail, Retail - High Street
Property type: Residential, Retail, Retail - High Street
Tenure: Business for sale
Price: £170,000.00
Location: 30 St. Peters Street, AL1 3NA
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


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