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Great Northern Inn

Shop for sale

£1,500,000 2,185 sq ft

Aitchison Raffety
Contact name

Mark Bunting - Aitchison Raffety

Full address
172 London Rd, St Albans AL1 1PQ – St Albans
Highlights
  • An established public house with trading accommodation on the ground floor and basement and the first floor providing private living accommodation.
  • Prominent main road position
  • Adjacent to popular local cinema
Property type

Shop for sale

Asking price
£1,500,000
Available space range
There is 1 space available. This measures 2,185 sq ft.
Features
Balcony, Security system, Energy Performance Rating - C, Storage space
Brochure
Download the brochure

Sale details

Sale unit 3861024 Available

2,185 sq ft, £686.50 per sq ft

Unit Sale unit 3861024
Address 172 London Rd, St Albans, Hertfordshire, AL1 1PQ, GB
Size 2,185 sq ft
Price £1,500,000
Price per unit £686.50 per sq ft
Unit Sale unit 3861024
Address 172 London Rd, St Albans, Hertfordshire, AL1 1PQ, GB
Size 2,185 sq ft
Price £1,500,000
Price per unit £686.50 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 3%
Financial type Actual
Financial year 2018
Net operating income £45,000

Sale notes

  • For sale.
  • Established public house with development plot to side.
  • Prominent main road position.
  • Adjacent to popular local cinema.
  • Entire site approximately 0.12 acres.
  • Accommodation over basement, ground & first floor levels.
  • Ph let until 2029.
  • Description an established public house with trading accommodation on the ground floor and basement and the first floor providing private living accommodation.
  • To the side is a development plot (see planning).
  • Planning.
  • The public house is a locally listed building.
  • The adjacent site was the subject of a planning application for the construction of a three storey building with basement level to create four 2 bedroom and four 1 bedroom flats (application 5/2017/2623) which was refused.
  • However, our client’s planning consultant is of the opinion that the site definitely has planning potential, perhaps for a revised scheme.
  • Further information from www.
  • Stalbans.
  • Gov.
  • Uk/planning.
  • Floor area.
  • The approximate net internal floor area: basement 560 sq ft gross ground floor area 1,625 sq ft.
  • The first floor private accommodation comprises four bedrooms, lounge, kitchen, bathroom and office.
  • Lease terms the public house is let by means of a full repairing and insuring lease up to november 2029. the rent is £45,000 per annum subject to five yearly reviews with the next review due on 3rd november 2019..
  • Energy performance rating band c - 60—available on request.

Property description

An established public house with trading accommodation on the ground floor and basement and the first floor providing private living accommodation. To the side is a development plot (see Planning) The premises have a prominent position facing London Road one of the main arterial routes into St Albans from the M25. Immediately to the north is the popular Odyssey Cinema which produces considerable spin-off trade. Both the city centre and Thameslink Railway Station are within easy walking distance.

Building subtype
Bar
Number of storeys
3
Parking ratio
0.92
Rentable building area
2,185 sq ft
Year built
1898

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in St Albans.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Aitchison Raffety. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Aitchison Raffety for full details and further information.