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18 June 2019 | Restaurants

Site of former bank provides new business opportunity in Hertfordshire town

A former bank located in the heart of the vibrant and affluent town of Royston in Hertfordshire, has been brought to the market by specialist business property adviser, Christie & Co.

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Previously operating as a bank, the vacant property is situated at the end of Royston High Street and is an ideal spot for a new wine bar, tapas bar or new style of restaurant. The ground floor provides a large open plan space, which makes it an ideal and flexible opportunity for a new operator looking to repurpose the site into an interesting new addition to the town. There is also an opportunity to convert the large basement area into an additional trading area or a commercial kitchen, subject to negotiation. 

Royston lies at the A10 and A505 junctions, both of which allow easy access through Hertfordshire and beyond, connecting to London Luton and London Stansted airports. Royston railway station also provides direct links to both London and Cambridge.  

Tim Widdows, Business Agent at Christie & Co’s Reading office is handling the sale and comments, “Due to the site’s prominent position on the main high street, this former bank offers a new owner great potential to change the terms of use and provide a new offering to this bustling Hertfordshire town, subject to the provision of correct licences.

“Former banks are becoming increasingly popular spaces among operators looking find new and interesting premises, as they tend to have unique architectural features and are flexible site for a range of business concepts.”

Christie & Co is seeking nil premium for a new lease with an annual rent of £35,000.