Retail Investment To Let , 34 Beech Road, Saint Albans, AL3 5AS

The property comprises of a double fronted ground floor retail unit. Total GIA approx 772 sq ft (71.68 sqm) including a rear yard/parking. The property is available For Sale as a long leasehold investment on a 999 year lease from 1st January 2001. The unit is currently trading as a Launderette on an excluded 20 year lease from 5th April 2018 with 5 yearly rent reviews and a tenant break clause at the 10th anniversary. The most recent review being 5th April 2023 to £20,000.

( Agency Pilot Software ref: 911 )

Location

The property is located roughly 5 minutes drive from St Albans City (Thameslink) station. The property lends easy access to the M25 and Central London through the A1 & M1. North via the M1 leads to Luton and south to Watford

Terms

PRICE: £275,000

SERVICE CHARGE TBC

RATES PAYABLE: Approx £9,980 p.a.

EPC RATING: TBC

ANTI MONEY LAUNDERING Due to the recent changes in the Anti money laundering regulations it is now standard procedure to undertake a Personal and Company and general AML checks. Please note this is taken up for both landlord and tenant and any other entity that as a relationship with the property.

LEGAL COSTS: To be paid by the purchaser via undertaking should the purchaser withdraw.

V.A.T. All rents, prices and premiums are exclusive of VAT under the Finance Act 1989. We would advise all interested parties to consult their professional advisors as to their liabilities if any, in this direction.