Office for sale in 80A Victoria Street, St Albans AL1

Guide price £695,000 (£489.78/sq. ft)
Interested in this property? Call +44 1707 684980 * or Request Details

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Office for sale 1,419 sq. ft*

Property features

  • Premium Office Town
  • Prime Town Centre Location
  • Solid Conventional Construction
  • Onsite Parking
  • No VAT
  • Article 4 Direction (Non residential)

Property description

Location


This affluent cathedral town is the premium office centre in Hertfordshire and businesses are attracted here because of its historic and quality town centre and strong business environment.

It is very conveniently located for access to the M1, M25 and A1(M), approximately 22 miles north of Central London. St Albans City Station provides a fast electrified service to London St Pancras/Kings Cross in 18 mins (Europe’s leading transport hub).

It has consistently maintained vacancy levels and rental levels well above major office centres in south Hertfordshire. We expect this premium position to be maintained.


Description


A pleasing well-proportioned neo-Georgian style 3-storey office building of conventional brick and tile construction with concrete floors.

It was originally built as a doctor’s surgery and has been continuously in the same family ownership.

It is in the prime office location in Victoria Street between the central shopping area and the station.

A particular feature is forecourt parking.

The building has kitchen/toilet accommodation on each floor accessed from an attractive central front feature staircase. Each floor is sub-divided into 3 principal office areas.

There is recently installed gas-fired radiator central heating.


Leases


The property is currently subject to 3 leases which have annual rent indexing.

Rents are inclusive of all outgoings including energy and repairs.

Current gross income £51,550.77. Currently non-recoverable expenditure for January to September 2022 £6,760.61

Further details on request.

Approx. (net internal) floor areas

Lease 1 Ground floor 467 sq ft
Part first floor 118 sq ft
Total 585 sq ft
Lease 2 First floor (remainder) 360 sq ft
Lease 3 Second floor 474 sq ft
Total 1,419 sq ft

There are 5/6 car spaces on the forecourt.


Rateable value


Please see the Valuation Office Agency website. The indicated assessments are: -

Ground Floor £7,500
Part First Floor £6,200
First Floor Right Rear £1,900
Second Floor £6,800


Terms


The property is for sale freehold subject to three existing leases.

We believe there is significant potential for the future asset management.

Note: The area is subject to an Article 4 Direction against residential conversion.

Land Registry Number HD393126.

Guide price £695,000. No VAT.


Availability


On completion of legal formalities.


Inspection


Strictly by appointment please. Please contact Mike Davies or Daniel Hiller at Davies & Co.


Further informaton


A detailed information pack is available on request.

Notes:

Under Anti-Money-Laundering Regulations we are required to obtain proof of identity for individuals and controlling Directors of companies on any sale.

The Code of Practice on Commercial Leases recommends that you seek professional guidance before agreeing or signing a business tenancy.

Energy Performance Certificate: Category D (99).

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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For more information about this property, please contact
Davies & Co, AL10 on +44 1707 684980 * (local rate)

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Disclaimer

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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