Retail property, Hatfield Road, St. Albans, Hertfordshire

Guide Price £505,000

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PROPERTY DETAILS

Hatfield Road, St. Albans, Hertfordshire, AL1 4LH UK

Guide Price £505,000

PRIME COMMERCIAL / RESIDENTIAL UNIT FOR SALE

 

FULLY LET
RETAIL AND RESIDENTIAL
REVERSIONARY INVESTMENT

• Main Road Location
• Opposite Morrisons Supermarket
• Commercial Unit and Residential Upper Parts Let on Overriding Lease terms
• Currently producing £18,635 p.a.
(Subject to rent review in December 2019 with estimated rent of £24,000 p.a.)


LOCATION
The properties are situated on Hatfield Road, opposite Morrisons, to the east side of St Albans, approximately one mile from the city centre. This is an established area with a wide variety of retail outlets and services represented. St Albans is a prosperous and historic market town, strategically situated some twenty miles north-west of central London. The City enjoys excellent road and rail communications with the M25 (J21A), M1 (J6) and A1(M)(J3) motorways all within approximately six miles distant. St Albans mainline railway station provides for rapid access to St Pancras International (approximate travelling time twenty minutes).

DESCRIPTION
The subject premises comprise ground floor commercial premises, with 2 bedroomed flat above with separate access.

LEASE
15 year lease expiring 24/12/2024. £18,635 per annum (ERV £24,000 p.a.)

COVENANT
Medivet Partnership LLP
(Company Registration No: OC 344222)

GUIDE PRICE
£505,000

VAT
The premises are not registered for VAT and therefore VAT will not apply.

BUSINESS RATES
Rateable values April 2017
199 Hatfield Road - £15,750

Interested parties are advised to make their own enquiries of
St Albans Council.

LEGAL COSTS
Each party to be responsible for their own legal costs.

NON-DOMESTIC EPC
199 : D 96

RESIDENTIAL EPC
199a : D 66-70

 

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