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18-19 George St 1,392 SF 37% Leased Retail Building St Albans AL3 4ES $946,557 ($680.00/SF) 6.69% Cap Rate

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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.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,392 SF
Building Class
C
Year Built
1970
Price
$946,557
Price Per SF
$680.00
Cap Rate
6.69%
NOI
$63,331
Percent Leased
37%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.08 AC
Frontage
28’ on George Street

Amenities

  • Storage Space

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 18
  • 595 SF
  • Retail
  • In-Line
  • Now

The property comprises a ground floor retail unit offering a large glazed shopfront and period features throughout. The property has been fitted out to a high specification and includes basement storage, plus a rear kitchenette and WC. Located close to the cathedral in an area of good footfall, the unit is perfectly suited to a variety of retail or professional occupiers, subject to landlord approval.

Space Size Space Use Position Available
18 595 SF Retail In-Line Now

18

Size
595 SF
Space Use
Retail
Position
In-Line
Available
Now

18

Size 595 SF
Space Use Retail
Position In-Line
Available Now

The property comprises a ground floor retail unit offering a large glazed shopfront and period features throughout. The property has been fitted out to a high specification and includes basement storage, plus a rear kitchenette and WC. Located close to the cathedral in an area of good footfall, the unit is perfectly suited to a variety of retail or professional occupiers, subject to landlord approval.

Nearby Major Retailers

Starbucks
Costa Coffee
Bakers + Baristas
Caffè Nero
Co-op
Mc Mullen & Sons
Côte Brasserie
Bill's
ZIZZI
West Cornwall Pasty Co
  • Listing ID: 37612447

  • Date on Market: 9/10/2025

  • Last Updated:

  • Address: 18-19 George St, St Albans AL3 4ES

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