Restaurant/cafe to let in George Street, St.Albans AL3

The property is located on the north side of George Street close to the High Street & Market Place and forms a thriving retail location with a wide range of independent retailers and restaurants. George Street provides a busy thoroughfare linking the city centre with St Albans Abbey and the historic area around Fishpool Street. The Christopher Place shopping centre with its 180 space car park is within a short walk. Nearby occupiers The Flower Box, Earley's, Saks, Galio and Christopher Wharton whilst restaurants include the award winning restaurant Dylans, The Ivy, Wagamma, Zizzi, the Loft and Bagutta.

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.