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
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.
