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3A-3B London Rd 2,072 sq ft Retail Property St. Albans AL1 1LA £895,000 (£431.95/sq ft) 6.76% Net Initial Yield
Investment Highlights
- Prominent position on a main arterial route into St. Albans with strong retail visibility.
- Additional residential flat generating income from a rolling tenancy.
- Two income-producing retail units on long-term leases with protected tenancies.
Executive Summary
This rare freehold opportunity in St. Albans provides an attractive multi-let mixed-use investment with excellent income stability and future growth potential. The property comprises two fully self-contained retail units with established tenants and a well-presented two-bedroom flat generating additional income.
Located on a busy arterial route with high visibility and consistent passing trade, the property offers convenient access to St. Albans City Centre, only a 10-minute walk to the mainline station with fast connections to London St Pancras in approximately 19 minutes. The large rear garden presents potential for future development, subject to planning, enhancing long-term asset value.
Key transport links include the M25 (3.3 miles), M1 (3.3 miles), and A1(M) (4 miles).
Located on a busy arterial route with high visibility and consistent passing trade, the property offers convenient access to St. Albans City Centre, only a 10-minute walk to the mainline station with fast connections to London St Pancras in approximately 19 minutes. The large rear garden presents potential for future development, subject to planning, enhancing long-term asset value.
Key transport links include the M25 (3.3 miles), M1 (3.3 miles), and A1(M) (4 miles).
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,072 sq ft
Costar Property Class
C
Year Built
1960
Price
£895,000
Price per sq ft
£431.95
Yield
6.76%
NOI
£60,500
Tenancy
Single
Number of Floors
2
Plot ratio
0.17
Total Plot Size
0.28 ac
Frontage
42 ft on London Road
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Nearby Major Retailers
1 of 4
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3A-3B London Rd
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