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Grosvenor Rd 7 Unit Apartment Building $5,536,163 CAD ($790,880 CAD/Unit) 4.90% Cap Rate St Albans AL1 3AE
Investment Highlights
- Located within area of healthy residential and commercial mix
- Good connectivity to town centre amenities
- St Albans City train station nearby
Executive Summary
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 selfcontained 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 twobedroom 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.
The property is a detached residential building with a total area of approximately 4,000 square feet. It contains seven well-maintained twobedroom 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.
Property Facts
| Price | $5,536,163 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $790,880 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 4.90% | Building Size | 5,767 SF |
| Tenure | Freehold | No. Stories | 3 |
| No. Units | 7 | Year Built | 1900 |
| Property Type | Multifamily | Parking Ratio | 1.04/1,000 SF |
| Property Subtype | Apartment |
| Price | $5,536,163 CAD |
| Price Per Unit | $790,880 CAD |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Tenure | Freehold |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 5,767 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.04/1,000 SF |
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