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Grosvenor Road, St. Albans, Hertfordshire

Description

This impressive detached building features seven two-bedroom apartments, all currently let under Assured Shorthold Tenancies (ASTs), with parking provided for each unit. It is conveniently located within one mile of vibrant St Albans City Centre, which offers a wide variety of well-known branded shops and restaurants. Additionally, the mainline station nearby provides fast and regular access to London St. Pancras. The site also presents an exciting opportunity to develop two further self-contained units, as per application reference (5/2024/0566), enhancing the investment potential with strong prospects for resale or rental return.

The property is a detached residential building with a total area of approximately 4,000 square feet. It contains seven well-maintained two-bedroom apartments, each measuring around 55 square meters (560 square feet), with an estimated rental value of £147,000 per annum. There is also access to the property's parking facilities and garden via a private driveway. This prime location offers a secluded atmosphere, surrounded by mature hedges and trees that ensure the property's privacy.

Furthermore, the rear of the site is designated for potential development, as outlined in the planning reference (5/2024/0566).

Apartment 1: Two Bedroom Ground Floor 51 SQM

Apartment 2: Two Bedroom Ground Floor 51 SQM

Apartment 3: Two Bedroom Ground Floor 61 SQM

Apartment 4: Two Bedroom First Floor 57 SQM

Apartment 5: Two Bedroom First Floor 54 SQM

Apartment 6: Two Bedroom Upper Floor 52 SQM

Apartment 7: Two Bedroom Upper Floor 54 SQM


The overall GIA, including the two proposed apartments, is approximately 5,767 sqft, 535 SQM

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Particulars
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Grosvenor Road, St. Albans, Hertfordshire

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About Collinson Hall, St Albans

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

Getting to know Collinson Hall

Collinson Hall is a long-established independent estate agency specialising in the sale and letting of property across St Albans and the surrounding areas. With a heritage of over 200 years in property, the team combines deep local knowledge with modern marketing and a highly personal service. Whether buying, selling, letting or renting, Collinson Hall prides itself on expert advice, honest guidance and delivering the best possible results for its clients.

Affordability

Monthly repayments£15,044
Property: £ 3,000,000
Deposit: £ 300,000
Interest rate: 5.33%
Term: 30 years
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Disclaimer - Property reference STA250067. 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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