Retail property, Hatfield Road, St. Albans, Hertfordshire

Guide Price £565,000

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PROPERTY DETAILS

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

Guide Price £565,000

PRIME COMMERCIAL / RESIDENTIAL UNIT FOR SALE

 

FOR SALE
FULLY LET
RETAIL AND RESIDENTIAL
REVERSIONARY INVESTMENT

• Main Road Location
• Opposite Morrisons
• 1 Retail Unit and Residential Upper Parts
• Producing £21,800 per annum from 25/03/2018

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 comprises ground floor retail premises together with a 4 bedroom flat above with separate access.

LEASE
20 year lease expiring 24/03/2023. £20,800 per annum from 25/03/2018 (ERV £25,000 pa).

GUIDE PRICE
£565,000

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

BUSINESS RATES
Rateable values April 2017
201 Hatfield Road - £17,500

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 in connection with this matter

Non-Domestic EPC
201 : D 79

Residential EPC
201a : E 48-60

 

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