97 St. Peters Street, St. Albans

Guide price

£240,000

Auction

Size

1,018

Tenure

Leasehold

EPC

Parking

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Primary use
Other leisure

No floor / site plan

Key features

  • High Yielding Retail Investment
  • Ground Floor Retail Unit
  • New 15 Year Lease
  • Lease Epxires 19.01.2041
  • 1,018 sq ft (94.57 sq m)
  • Forms Part of a Popular Local Parade
  • Investment Let at £30,000 p.a. (12.5% GIY on Guide Price)

Description

The property comprises a high yielding retail investment occupying a prominent pitch forming part of a popular local parade.

Arranged across ground floor only, the property is let on a new 15 year lease to Vardev Limited expiring 19.01.2041 and paying £30,000 per annum. The lease includes a tenants break option in the 5th year. We understand the tenant is currently completing their fit-out.

The property is situated in a prominent location on St Peters Street and is part of a local parade with similar mixed uses.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

97 St. Peters Street, St. Albans

NEAREST STATIONS

National Rail

St. Albans Station

0.41 miles

National Rail

St. Albans Abbey Station

0.78 miles

National Rail

Park Street Station

2.11 miles

About Savills National , Savills Auctions- Commercial

Savills National , Savills Auctions- Commercial

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Disclaimer - Property reference F9EA2124-D5EF-4B66-8E9A-8C7AF4E504D9. 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 Savills National , Savills Auctions- Commercial. 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.