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.
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)
Assignment of the current lease for a term of 7 years which we understand expires in March 2020.
£8,000 per annum exclusive. No VAT payable.
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).
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.
Each party to be responsible for their own legal costs.