On behalf of private landlord clients, Aitchison Raffety (Hertfordshire Office) have recently sold a mixed-use retail and residential investment at 227 Hatfield Road, St Albans to a local investor.
The ground floor shop provides a floor area of approximately 1,000 sq ft and the first floor comprises a two-bedroom apartment with separate access. The total income at the point of sale was £23,000 per annum and the guide price was £450,000. The premises are fully let to two separate tenants and offers near and medium term opportunities to improve value.
If you are interested in an estimate of the value of your property please contact Anthony Woodcock, Agency Surveyor at Aitchison Raffety on 01727 843232 or email@example.com@argroup.co.uk.