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The First floor is now rented out and earning £20,000 per year on a two-year AST. The owner wants the new tenant to lease the entire building so they can benefit greatly from the rental income from the flat, which
will lower their monthly rent obligation to £25,000.00.
The building consists of a Use Class (E)restaurant and bar on the ground floor with 54 seats, an alcohol licence, a fully equipped commercial kitchen, a reception space, and restrooms. The private entry leads to the First Floor Use Class (C3) residential unit, which has four bedrooms, a living room and a renovated kitchen and bathroom.
Due to the property being the sole traditional restaurant venue in the village, the property waspreviously operated as an Indian restaurant/takeaway and would profit from a comparable occupier. However,there is opportunity for any food and beverage occupier to prosper here.
One crucial point to note:
There are NO business ratesincluded in the costing of this purchase.
It is close to amenities and is situated in Redbourn High Street. The M1 and M25 highways, the neighbouring Luton Airport, and the quick train connections into London from nearby Harpenden and St.Albans makeRedbourn a well-liked village with great transportation options.
Property Type: Restaurant
Floor / Land Area1759 sqft
Extra Features
Character Property in village location
Accommodates 54+ covers
Licence to serve alcohol
Ancillary 4-bed First Floor Apartment
Recently refurbished
Fully fitted commercial kitchen with ample storage
Full details for Restaurant For Rent in St Albans
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Description
This recently renovated restaurant on the ground floor (1024 square feet approx.) and an adjoining fourbedroom apartment on the first story (920 square feet approx.) are being offered by Ultimate Connexions Sales and Commercials in a wonderfully maintained historic structure. Available on a brand-new lease with terms to be determined; annual rent in the neighbourhood of £45,000; business premium of £50,000.The First floor is now rented out and earning £20,000 per year on a two-year AST. The owner wants the new tenant to lease the entire building so they can benefit greatly from the rental income from the flat, which
will lower their monthly rent obligation to £25,000.00.
The building consists of a Use Class (E)restaurant and bar on the ground floor with 54 seats, an alcohol licence, a fully equipped commercial kitchen, a reception space, and restrooms. The private entry leads to the First Floor Use Class (C3) residential unit, which has four bedrooms, a living room and a renovated kitchen and bathroom.
Due to the property being the sole traditional restaurant venue in the village, the property waspreviously operated as an Indian restaurant/takeaway and would profit from a comparable occupier. However,there is opportunity for any food and beverage occupier to prosper here.
One crucial point to note:
There are NO business ratesincluded in the costing of this purchase.
It is close to amenities and is situated in Redbourn High Street. The M1 and M25 highways, the neighbouring Luton Airport, and the quick train connections into London from nearby Harpenden and St.Albans makeRedbourn a well-liked village with great transportation options.
Property Type: Restaurant
Floor / Land Area1759 sqft
Extra Features
Character Property in village location
Accommodates 54+ covers
Licence to serve alcohol
Ancillary 4-bed First Floor Apartment
Recently refurbished
Fully fitted commercial kitchen with ample storage
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