Get brand editions for Collinson Hall, St Albans

Retail Property (high street) for sale

Hatfield Road, St. Albans, Hertfordshire

Guide Price £505,000

Property Description

Full description

Tenure: Freehold

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 £23,000 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 £23,000 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

Rates Payable for 2018-2019 £7,560*

*Please note that Business Relief may be available to reduce the Business Rates Liability to nil subject to confirmation with the Business Rates Department at St Albans City and district Council.


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


More information from this agent

Nearest stations

  • St. Albans (0.8 mi)
  • St. Albans Abbey (1.4 mi)
  • Park Street (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Collinson Hall, St Albans

9 - 11 Victoria Street, St. Albans, Hertfordshire, AL1 3UB

01727 629065 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Collinson Hall, St Albans

9 - 11 Victoria Street, St. Albans, Hertfordshire, AL1 3UB

01727 629065 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • St. Albans (0.8 mi)
  • St. Albans Abbey (1.4 mi)
  • Park Street (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Collinson Hall, St Albans

9 - 11 Victoria Street, St. Albans, Hertfordshire, AL1 3UB

01727 629065 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference COM180001. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Collinson Hall, St Albans. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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