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18-19 George St 1,392 SF 100% Leased Retail Building St Albans AL3 4ES $927,607 ($666.38/SF) 6.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Good road connections
- Close to residential
- Amenities nearby
EXECUTIVE SUMMARY
This attractive threestorey endofterrace freehold property comprises two groundfloor retail units and a selfcontained two bedroom flat above (which is sold off on a long leasehold). The building is full of character and offers stable income with potential for rental growth.
- 18 George Street: Let to The Bride at £28,000 per annum. The lease runs until 10/09/2029
- 19 George Street: Recently let to a new bakery, Glaze, at £18,500 per annum. The lease runs until 05/04/2033 and includes a tenant break clause and a rent review scheduled for April 2028.
- 18 George Street: Let to The Bride at £28,000 per annum. The lease runs until 10/09/2029
- 19 George Street: Recently let to a new bakery, Glaze, at £18,500 per annum. The lease runs until 05/04/2033 and includes a tenant break clause and a rent review scheduled for April 2028.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,392 SF
Building Class
C
Year Built
1970
Price
$927,607
Price Per SF
$666.38
Cap Rate
6.69%
NOI
$62,063
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.08 AC
Frontage
28’ on George Street
1 1
NEARBY MAJOR RETAILERS
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18-19 George St
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