Retail premises for sale in St Brelades Place, St Albans AL4

£550,000 (£334.75/sq. ft)
Retail premises for sale 1,643 sq. ft*
Interested in this property? Call +44 1707 684980 * or Request Details

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Property features

  • Current Income £31,200 per annum. Initial 5.67% yield.
  • Busy Popular Modern Development
  • Free public parking

Property description

St albans


St Albans is dominated by its ancient cathedral and the thriving historic centre is arguably the most attractive office centre in the County.

Situated 20 miles north of London between the M1, A1(M) and A414 and a short distance north of the M25 the town offers superb road links.

St Albans City Thameslink Station provides a fast-electrified service to London, Kings Cross and Gatwick / Brighton.

Jersey Farm is a residential neighborhood in the civil parish of Sandridge approx. 1.5 miles north-east of St Albans City Town Centre.

There is easy access to the A1(M), M1 and M25 Motorways, and the nearby towns of Hemel Hempstead, Watford & Hatfield.


Brelades place


St Brelades Place is the popular neighborhood shopping centre within Jersey Farm. It comprises a Tesco’s-local, Public House, a mix of food take-away outlets, cycle shop, hairdressers, doctor’s surgery, dentist, community centre and large free shopper’s car park. The development is fully occupied.


Accommodation


A two-storey semi-commercial property comprising an established retail beauty salon on the ground floor and a first floor residential maisonette.

The beauty salon is configured to provide a central reception area, 5 separate treatments rooms, kitchen and WC.

The first-floor maisonette which has separate access from the service road behind the shop comprises two-double bedrooms, landing area, lounge, bathroom, study a well-fitted refurbished kitchen and store area.

The property presents to a very high standard throughout.

Approx. Floor areas

Ground Floor - 1,030 Sq Ft (Gross Internal)

First Floor Maisonette - 613 Sq Ft (excluding landing area and staircase).

Living room – 4.36m x 4.45m
Kitchen – 4.11m x 2.47m + store (1.00m x 4.08m)
Bedroom 1 – 2.00m x 4.37m.
Bedroom 2 – 2.25m x 4.37m.
Bathroom – 1.52m x 3.13m.


Lease terms


The ground floor is held on a personal lease expiring 22 February 2033 at a rent of £18,000 per annum. The lease contains a rent review in February 2023 and on the 5th anniversary of that date.

The maisonette above is let separately on a 6-month tenancy arrangement at a rent of £1,200 per month which includes insurance and a service charge. It is understood that the net income is approx. £1,100 per month.


Terms


The long leasehold interest (125 years from 1 January 1988) is available for sale with the benefit of the current lease arrangements.

Price £550,000. No VAT is payable.

This represents an initial yield of 5.67% after costs of acquisition.


Energy performance certificate


Available shortly.


Inspection


For further information please contact Daniel Hiller at Davies & Co.


Notes


The particulars contained within this brochure are believed to be correct but their accuracy cannot be guaranteed and they are therefore expressly excluded from any contract.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Davies & Co, AL10 on +44 1707 684980 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Davies & Co, and do not constitute property particulars. Please contact Davies & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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