22 August 2018

Busaba St Albans brought to market

AG&G has been instructed by Busaba Eathai to market their closed restaurant site in the Hertfordshire city of St Albans.


 The 140-cover restaurant is located on Verulam Road, at the Christopher Place Shopping Centre, in the centre of St Albans.


Busaba closed its St Albans restaurants – its only remaining site outside London – in June, taking it down to a 13-strong estate. The chain opened the site, on Verulam Road, in 2016.


Key property facts:

Corner property in prominent situation, with circa 4,000sq ft spread over ground and mezzanine, Currently closed, it is fully fitted to a high quality. The unit is to let with a rent of £65,000 per annum.


St Albans is an affluent city within Hertfordshire, which has a population of 57,795. The restaurant is located in the Town Centre at the junction of Verulam Road and Upper Dagnall Street.


There are many restaurants nearby on Verulam Road, which includetheIvy Café, Pizza Express, Prezzo, Carluccio’s, Wagamama, Loch Fyne, Thai Kitchen and Zizzi. Other nearby operators  include: Bills, Cote, Nando’s and Café Rouge.

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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