2-3 George Street St Albans Hertfordshire AL3 4ER

  • 2-3 George Street<br>St Albans<br>Hertfordshire<br>AL3 4ER

2-3 George Street
St Albans
Hertfordshire
AL3 4ER

Freehold Retail Investment

  • Tenants t/a Christopher Wharton Goldsmith and Must Wines
  • Comprises 2 x Retail Units and a Self-Contained Flat
  • Historic Cathedral City Location
  • Close Proximity to St Albans Cathedral, Christopher Place Shopping Centre and The Maltings Shopping Centre
  • Nearby Occupiers include Gail's Bakery, Zizzi's, Nando's, Snappy Snaps, Starbucks, The Ivy Brasserie and an Eclectic Mix of Local Retailers
  • Lot
    5
  • Auction
    9th May 2024
  • Rent
    £46,100 per Annum Exclusive
  • Status
    Under Offer
  • Price
     
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

Freehold Retail Investment

  • Tenants t/a Christopher Wharton Goldsmith and Must Wines
  • Comprises 2 x Retail Units and a Self-Contained Flat
  • Historic Cathedral City Location
  • Close Proximity to St Albans Cathedral, Christopher Place Shopping Centre and The Maltings Shopping Centre
  • Nearby Occupiers include Gail's Bakery, Zizzi's, Nando's, Snappy Snaps, Starbucks, The Ivy Brasserie and an Eclectic Mix of Local Retailers
  • Lot 5
  • Auction 9th May 2024
  • Rent £46,100 per Annum Exclusive
  • Status Under Offer
  • Price  
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
7 miles North of Watford, 20 miles North of Central London
Roads
A1057, M1 (Junction 8), A1 (M)(Junction 3), M25 (Junction 22)
Rail
St Albans Railway Station (18 minutes to St Pancras)
Air
Luton Airport
Situation

St Albans is a historic and attractive Cathedral City in the Northern commuter belt of London, known for its Roman heritage quaint streets, architecture and street markets. The property is situated on the South side of George Street at its junction with High Street, in very close proximity to St Albans Cathedral.
Christopher Place Shopping Centre and The Maltings Shopping Centre are both nearby with other neighbouring occupiers including Gail's Bakery, Zizzi's, Nando's, Snappy Snaps, Starbucks, The Ivy Brasserie and an eclectic mix of local retailers.

Tenure

Freehold.

Location
Miles
7 miles North of Watford, 20 miles North of Central London
Roads
A1057, M1 (Junction 8), A1 (M)(Junction 3), M25 (Junction 22)
Rail
St Albans Railway Station (18 minutes to St Pancras)
Air
Luton Airport
Situation

St Albans is a historic and attractive Cathedral City in the Northern commuter belt of London, known for its Roman heritage quaint streets, architecture and street markets. The property is situated on the South side of George Street at its junction with High Street, in very close proximity to St Albans Cathedral.
Christopher Place Shopping Centre and The Maltings Shopping Centre are both nearby with other neighbouring occupiers including Gail's Bakery, Zizzi's, Nando's, Snappy Snaps, Starbucks, The Ivy Brasserie and an eclectic mix of local retailers.

Tenure

Freehold.

Description

The property is an attractive Grade II listed building comprising two retail units with retail accommodation on the ground floor and ancillary accommodation in the basement. The property also has residential accommodation on the upper floors that has been sold off on a long lease.
The tenant of No.2 George Street also owns and occupies No.1 George Street, and the two units intercommunicate on the ground floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is an attractive Grade II listed building comprising two retail units with retail accommodation on the ground floor and ancillary accommodation in the basement. The property also has residential accommodation on the upper floors that has been sold off on a long lease.
The tenant of No.2 George Street also owns and occupies No.1 George Street, and the two units intercommunicate on the ground floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Reversion
2 George Street Ground/Basement Retail/Ancillary
80.82
(870)
CHRISTOPHER WHARTON GOLDSMITH LIMITED (CRN:04090018) (t/a C. Wharton Goldsmith) (1) 15 years from 05/04/2013
£27,500
04/04/2028
3 George Street Ground
Basement
Retail
Ancillary
56.13
22.72
(604)
(245)
MUST ST A LIMITED (CRN:11251029 ) (t/a Must Wines) with and Authorised Guarentee Agreement from Artist Italy Limited (crn 10580998)(2) 10 years from 30/04/2015
£18,500
29/04/2025
2a George Street First
Second
Residential
Residential
Not measured
Not measured
(-)
(-)
AN INDIVIDUAL 184 years from 01/01/1984
£100
31/12/2167
Total Approximate Commercial Floor Area    
159.67
(1,719)
   
£46,100
 

(1) Wharton Goldsmith is an award winning workshop and showroom in the heart of St Albans designing and making bespoke jewellery (www.whartongoldsmith.com)
(2) Must Wine is a fashionable wine bar and wine retailer that trades at four different locations around London such as St Albans, Hampstead, Wanstead and Islington (www.mustwine.co.uk). The lease benefits from an Authorised Guarantee Agreement from Artist Italy Limited (CRN: 10580998).

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    10.05.24
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
DMH Stallard LLP
Adrian Scales 020 7822 1606adrian.scales@dmhstallard.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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