The premises comprise a four storey mid-terraced building with a retail unit to the ground floor and basement and a two-bedroom flat above offered with vacant possession.
The retail unit is currently trading as a takeaway with a large glass frontage and modern fit out. Internally the sales area is open plan, with a WC, fully tanked basement, and rear yard. This ground-floor unit would suit a variety of uses.
Above there is a self-contained two-bedroom flat on the first and second floors, with a separate kitchen and living room and three WC/ shower rooms.
( Agency Pilot Software ref: 103571 )
Location
Situated in a prominent position on London Road close to its junction with Chequer Street and Holywell Hill, the premises are within the main retail area of St Albans city centre.
This is a busy vehicular route and has a high footfall with car parks situated in close proximity
Accommodation
Retail Approx. 826 Sq Ft (76.74 Sq M) plus apartment
Terms
The property is being sold freehold with vacant possession on both the retail unit and the flat.
Business Rates From verbal enquiries, we understand the current rateable value of the ground floor retail unit is £16,750 with rates payable in the order of £8,358.25 per annum.
VAT This property is not subject to VAT and therefore VAT is not payable on the price.
Energy Performance Rating Awaited
Legal Costs Each party is to be responsible for their own legal costs.
Specification
- Mixed retail and residential freehold
- Ground floor retail currently fitted as a takeaway with A5 license
- Busy main road location St Albans city centre
- Large self contained twobedroom flat
- Rear yard Sold with vacant possession
- Potential investment opportunity £795,000