Albans Well55 St. Peters Street, St. Albans, AL1 3DY

Description
The Naturalist occupies part of the ground floor of a four storey modern development which was created from a former BHS department store. The property was comprehensively refurbished with the Albans Well opening in 2021. Externally the property has the benefit of external seating for approximately 64 covers which fronts Cattle Walk which is held by way of a pavement licence.

Tenure
The property is held by way of a lease for a term expiring on 8th December 2040 at a current rent of £135,000 per annum. The rent is subject to upwards only rent review on 9 December 2025 and five yearly thereafter with reviews increased in line with the RPI index subject to a minimum increase at each review of 5% and maximum increase of 15%.

Premises Licence
The property has the benefit of a Premises Licence which permits the sale of alcohol at the following times;
Thursday-Saturday – 10am-1am
Sunday-Wednesday – 10am-12am

Rateable Value
2023 - £150,000.

Trading Information
Trading information may be made available to interested parties upon written request.

EPC
B - 34.

Fixtures and Fittings
The sale of the property will include trade fixtures and fittings which are in the absolute ownership of the Vendor and in situ on completion. Any branded or lease items owned by third parties will be removed.

VAT
The property is elected for VAT.

Service Charge
The property is subject to a service charge further details of which are available upon request.

Viewings
Staff are unaware of our clients intention to dispose of this property. Consequently all customer visits must be carried out discreetly and under no circumstances should any direct approach be made to any members of staff. Should you wish to view the property then make a prior appointment via the sole selling agents Savills.

Terms
Offers are invited for the benefit of our clients leasehold interest.

Money Laundering
Prospective purchasers will need to provide proof of identity and residence as part of Savills mandatory anti money laundering checks.

Further Information
For further information please contact;

Paul Breen
Tel: 07767 873353
pbreen@savills.com

Jack Phillips
Tel: 07866 203540
jack.phillips@savills.com