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Victoria

Victoria Street, St Albans, Hertfordshire, AL1 3TG
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REFURBISHMENT PLANNED

Facilities

Cask Ale
Beer Garden
External Drinking Area
Catering Kitchen
Live Entertainment
Restaurant/Dining
Live Sports
  • Cask Ale
  • Beer Garden
  • External Drinking Area
  • Catering Kitchen
  • Live Entertainment
  • Restaurant/Dining
  • Live Sports

Location

Transformational refurbishment will turn this site into the best sports venue and late night venue in the area. Up to a 15-year FRI lease available

Ingoing Cost: £58,362.00
Rent: £59,000.00
Agreement Type: Lease
Reference Number: 924-11 / 2302061101

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Property Features:

Transformational works will reposition The Victoria from a small, outdated pub into a premium space, set apart from its competitors as the best sports viewing venue in St Albans.

Inside, the bar servery will be relocated to open up the trade area, which will feature TV's showing sports throughout. It will be decorated with an attractive mix of exposed, industrial-style furnishings, vibrant botanical prints and neon signs.

Major external works, including a large outdoor screen, covered booths with individual TV's and an outdoor bar, will also give the venue major appeal for sporting events as well as throughout the rest of the year. The works will combine to create a truly standout venue in the area, with an up-tempo atmosphere and thriving customer base.

Post-refurbishment, The Victoria will be transformed into a stylish and premium local, offering:

  •  A dynamic, high-energy pub perfect for watching live sports in.
  •  A premium drinks range, including craft beers and lagers.
  •  Quality, casual food such as burgers and hot wings.
  •  Live TV and sports throughout the venue and in the beer garden.
  •  A high-energy music venue later at night.
  •  A standout beer garden, with covered booths and an outdoor bar.

Trading Style:

The Victoria is located in an ideal location on a busy crossroads between St Albans town centre and the train station, ensuring it receives a high level of footfall throughout the year. St Albans itself is an incredibly affluent area, with a population consisting predominantly of young professionals, who earn above average incomes and are looking to socialise in a lively, premium venue.

This vibrant rebrand will breathe new life into The Victoria, giving it the ability to trade at all points of the day and capitalise on large, lucrative sporting events. With TV's embedded in the back bar and throughout the trade area, as well as a large outdoor screen and in individual garden booths, sporting events and high-energy occasions will be at the heart of The Victoria. A casual, trendy food offer will create multiple income streams, and the updated contemporary design will ensure a vibrant atmosphere, all firmly establishing the pub as the go-to venue in St Albans.

Private Accommodation:

Accommodation details to  be confirmed.

Key Financial Information

Please be aware energy performance certificates are available from the landlord.

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Lessee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

Up to a 15-year FRI lease available.

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