Lease / business for sale / 1,800 sq ft retail unit / busy St Albans Road, with thorough good foot flow

0 bedrooms £50,000

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View Particulars
  • • Lock up double unit A1 shop
  • • Business for sell / Vacant premise will also be available
  • • Tiled flooring
  • • Suspended ceiling with recessed tube lights
  • • Air heating at the entrance door

Description

A large prominently located, lock-up shop in Watford with an A1 licence, located within a busy thorough area ensuring a lot of door step business.

Overview
The property measures about 1,800 sq ft approximately and operated as a Discount General Store. There is parking off the St Albans Road.
The business is for sell and we are advised that its turnover is £3,000.00 to £4,000.00 per week, on a margin of 60% to 100%.

There is parking off the St Albans Road.
Rear service yard is accessed from the side, Judge Street that provides parking for one car and the loading facilities.
The business is for sell and we are advised that its turnover is £3,000.00 to £4,000.00 per week, on a margin of 60% to 100%.

Lease and rent

The Rent is £22,000.00 pa exclusive. There is no VAT to pay.
The price for the Goodwill is £50,000.00 which includes the fixtures and fittings, plus stock at valuation and the benefits of the lease renewal at the end of the term. The premise is also available without the business.
We are informed that the Business Rates Payable is approx. £9,000 pa (incoming Tenants are advised to confirm this with Watford Council).
There is a service charge payable of £345.00 per quarter.

Legal costs

Each party to bear for their own legal costs and the new incoming tenant to pay the landlords (freeholders) legal costs

Viewings

Available Immediately.
Viewing is by appointment only.
Please contact the agents Charringtons Property Consultants to arrange a viewing or for further details.


Property information
• Available immediately
• Premises as vacant is also available

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