Restaurant/cafe for sale in George Street, St.Albans AL3
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Property features
- Thriving hospitality location
- City centre
- Fully fitted restaurant & bar
- 40 covers
- Additional courtyard seating available
- Rent of £25,000 pa
- Premium of £35,000 excl VAT is required
Property description
The premises comprise a fully fitted ground floor bistro and bar currently trading as Old Toms Bar & Bistro.
Located to the rear of an attractive and historic courtyard adjacent to the long established Loft and Bagutta restaurants thereby offering potential to collaborate with each other.
There is a total of 40 covers arranged as 23 internally and an additional 17 on the outside terrace. Additional seating is available within the shared courtyard area (on terms to be agreed). The premises benefit from a premises licence permitting the sale of alcohol Monday to Thursday 12pm - 11pm; Friday & Saturday 12pm - 12am and Sunday 12pm - 9pm. There is in addition, consent for live music Friday & Saturday 7pm - 10 pm and Sunday 3pm - 7pm.
The premises are available by way of an assignment of a lease dated 26th August 2022 for a term of 10 years at a current rent of £25,000 per annum excl VAT.
A service charge is payable for the upkeep of the exterior of the property. A rent deposit will be required.
A premium of £35,000 excl VAT is sought for the benefit of the goodwill and fixtures & fittings.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Jessop & Co, LU1 on +44 1582 936643 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Jessop & Co, and do not constitute property particulars. Please contact Jessop & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.