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3A-3B London Rd 2,072 SF Retail Building St. Albans AL1 1LA $1,656,293 CAD ($799.37 CAD/SF) 6.76% Cap Rate
Investment Highlights
- Prominent position on a main arterial route into St. Albans with strong retail visibility.
- Additional residential flat generating income from a rolling tenancy.
- Two income-producing retail units on long-term leases with protected tenancies.
Executive Summary
This rare freehold opportunity in St. Albans provides an attractive multi-let mixed-use investment with excellent income stability and future growth potential. The property comprises two fully self-contained retail units with established tenants and a well-presented two-bedroom flat generating additional income.
Located on a busy arterial route with high visibility and consistent passing trade, the property offers convenient access to St. Albans City Centre, only a 10-minute walk to the mainline station with fast connections to London St Pancras in approximately 19 minutes. The large rear garden presents potential for future development, subject to planning, enhancing long-term asset value.
Key transport links include the M25 (3.3 miles), M1 (3.3 miles), and A1(M) (4 miles).
Located on a busy arterial route with high visibility and consistent passing trade, the property offers convenient access to St. Albans City Centre, only a 10-minute walk to the mainline station with fast connections to London St Pancras in approximately 19 minutes. The large rear garden presents potential for future development, subject to planning, enhancing long-term asset value.
Key transport links include the M25 (3.3 miles), M1 (3.3 miles), and A1(M) (4 miles).
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,072 SF
Building Class
C
Year Built
1960
Price
$1,656,293 CAD
Price Per SF
$799.37 CAD
Cap Rate
6.76%
NOI
$111,962 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.17
Lot Size
0.28 AC
Frontage
42’ on London Road
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Nearby Major Retailers
1 of 4
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3A-3B London Rd
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