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13A- 13C London Road 733 sq ft Retail Unit Offered at £450,000 in St Albans AL1 1LA
Investment Highlights
- Location close to St. Albans main High Street
- Two self contained retail units
- Freehold investment
- Price £450,000 reflecting an initial yield of 7%
Executive Summary
This property comprises retail and residential accommodation of masonry construction.
Property Facts
| Total Property Size | 7,315 sq ft | Typical Floor Size | 313 sq ft |
| Property Type | Retail (Unit) | Year Built | 1910 |
| Property Subtype | Shopfront Retail / Residential | Tenancy | Single |
| Costar Property Class | B | Total Plot Size | 0.11 ac |
| Floors | 3 |
| Total Property Size | 7,315 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 313 sq ft |
| Year Built | 1910 |
| Tenancy | Single |
| Total Plot Size | 0.11 ac |
1 Unit Available
Unit 13A&B
| Unit Size | 733 sq ft | Unit Use | Retail |
| Price | £450,000 | Sale Type | Investment |
| Price Per sq ft | £613.92 | Tenure | Freehold |
| Unit Size | 733 sq ft |
| Price | £450,000 |
| Price Per sq ft | £613.92 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
Description
This attractive freehold property comprises two self contained fully let retail units offering stable income with potential for retail growth. 13a London Road Let to ' Hers and Sirs Hair' at an annual rent of £17,500. This lease runs until 04/09/26 13b London Road This lease has been assigned to Artoplasia. This was let at an annual rent of £13,000 with the lease ending in January 2027. Both leases contain full repairing and insuring terms.
There are two residential units above that have been sold on long leasehold terms. Flats 3 and 4 at 13a and 13b London Road are held on new 150year leases commencing on 12 August 2021, with a ground rent of £100 per annum, doubling every 25 years.
Sale Notes
Available Freehold for £450,000.
Nearby Major Retailers
Presented by
13A- 13C London Road
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