An appealing property in a convenient location offering development opportunities (subject to planning); or to retain as a hospitality use.
The site covers an area of approximately 0.12 acres and the main building is of a relatively handsome design to front. This consists of a decent sized bar area (with associated facilities) plus kitchen and store on the ground floor, 2 cellar areas below and 4 rooms plus bathroom on the first floor. To the rear is a parking area. Access is available directly onto Park Street.
No enquiries have been made of the Council but there could be opportunity to extend the existing footprint, or because the pub has now ceased to operate, change the use to residential use. Other properties nearby have access from the rear (via Fairhaven), which could be an option here, providing additional development avenues in the car park.
Location
Location
Park Street Rail 0.3 miles (5 min walk)
North Orbital (A414) 0.7 miles
M25 J21a 1.9 miles
St Albans High Street 2.2 miles
Radlett Rail 2.8 miles (26 mins to St Pancras)
Accommodation
The building extends to approximately 2,221 sq.ft in total (1,121 sq.ft ground floor; 712 sq.ft first floor; 388 sq.ft in the cellars) and is in need of modernisation.
Terms
Guide Price
£500,000 (plus vat)
Method of Sale
The property is offered for sale by private treaty. Because the asset is held within a Limited Company it could be possible to purchase this, which would mean a reduced Stamp Duty liability.
Local Authority
The property lies in the Hertsmere District Council’s area.
Services
Mains electricity, water, gas and drainage.
Tenure and possession
The property is available Freehold under Title Number HD280743 with Vacant Possession.
Anti-Money Laundering (AML)
In accordance with AML legislation the purchaser will be required to provide proof of identity and home address as well as source of funds.
Viewing
Strictly by appointment with the sole selling agent.
Health and Safety
Efforts have been made to remove hazardous items from the property, but as with any vacant building care should be taken when viewing.