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25 Vesta Avenue, St Albans, AL1 2PG

For sale: POA|To rent: ROA|742 Sq Ft|General Retail, Retail

PROPERTY DETAILS

FOR SALEPOA
TO RENTROA
SIZE742 Sq Ft
ADDRESS25 Vesta Avenue, AL1 2PG
TYPEGeneral Retail, Retail
TENUREBusiness for sale, To Let
POSTED ON27th August 2019

DESCRIPTION

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.

Large Glazed Frontage WC Facilities
Fixtures & Fittings (separate negotiation) Rear Access


APPROXIMATE NET AREAS
Approximate net area:-

742 sq ft (68.93 sq m)

LEASE
Assignment of the current lease for a term of 7 years which we understand expires in March 2020.

RENT
£8,000 per annum exclusive. No VAT payable.

PREMIUM
By way of separate negotiation, the current tenant is seeking in the order of £67,000 for the goodwill of the business including the fixtures and fittings (Clarification upon request).

RATES
Rateable Value - £10,250
Rates payable 2018/2019 - £4,920

Rates payable should be verified with St Albans District Council, Tel: 01727 866100

Small Business Rates Relief may apply if this were a tenant’s only business premises, where no rates would be payable in the current year.

LEGAL COSTS
Each party to be responsible for their own legal costs.

LOCATION

Location: 25 Vesta Avenue, AL1 2PG

Watford (6.5 miles)

Croxley (7.6 miles)

Moor Park (8.4 miles)

St Albans Abbey (0.4 miles)

Park Street (1.0 miles)

St Albans (1.1 miles)

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