95-97 St. Peters Street, St. Albans

The property comprises a freehold mixed-use investment with a number of asset management or development opportunities (subject to obtaining the requisite consents).

Arranged as two ground floor retail units with a large rear warehouse and a five bedroom flat to the upper parts, the property is currently part-let.

95 St Peters Street is currently let to Astons Jewellers on a lease that expired 28.11.2024, the tenant is therefore holding over and continuing to pay the annual rent of £15,000 per annum.

97 St Peters Street is currently vacant and comprises a ground floor retail unit which includes a large rear warehouse. The unit offers evident asset management potential via letting and there may be an opportunity to let the warehouse separately or to develop/convert this area to alternative uses (subject to obtaining the requisite consents).

The upper parts comprise a single 4/5 bedroom flat arranged across the first and second floors. The flat is currently vacant and would be suitable for immediate letting. The flat could also be let as an HMO (subject to consents) or could be suitable for conversion to multiple units (subject to obtaining the requisite consents).

The property occupies a prominent pitch fronting St Peters Street and forms part of a popular local parade. The surrounding area is characterised by similar mixed-uses with the property sitting directly to the north of the prime retail pitch.