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18-19 George St 1,392 sq ft 100% Let Retail Property St Albans AL3 4ES £695,000 (£499.28/sq ft) 6.69% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Good road connections
- Close to residential
- Amenities nearby
EXECUTIVE SUMMARY
This attractive threestorey endofterrace freehold property comprises two groundfloor retail units and a selfcontained two bedroom flat above (which is sold off on a long leasehold). The building is full of character and offers stable income with potential for rental growth.
- 18 George Street: Let to The Bride at £28,000 per annum. The lease runs until 10/09/2029
- 19 George Street: Recently let to a new bakery, Glaze, at £18,500 per annum. The lease runs until 05/04/2033 and includes a tenant break clause and a rent review scheduled for April 2028.
- 18 George Street: Let to The Bride at £28,000 per annum. The lease runs until 10/09/2029
- 19 George Street: Recently let to a new bakery, Glaze, at £18,500 per annum. The lease runs until 05/04/2033 and includes a tenant break clause and a rent review scheduled for April 2028.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
1,392 sq ft
Costar Property Class
C
Year Built
1970
Price
£695,000
Price per sq ft
£499.28
Yield
6.69%
NOI
£46,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.40
Total Plot Size
0.08 ac
Frontage
28 ft on George Street
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NEARBY MAJOR RETAILERS
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18-19 George St
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