Property Details: • Type: Flat • Tenure: Leasehold • Floor Area: N/A
Key Features: • INVESTMENT OPPORTUNITY • CHAIN FREE • PORTFOLIO CONSISTING OF 6 ONE BEDROOM APARTMENTS • SOUGHT AFTER LOCATION - WALKING DISTANCE TO ST ALBANS MAINLINE STATION • CONCIERGE SERVICE • LIFT ACCESS TO ALL FLOORS
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 9 High Street, Welwyn, AL6 9EE
Full Description: Exceptional Investment Opportunity – Portfolio of Six One-Bedroom Flats in Prime St Albans Location Ziggurat House, Grosvenor Road, St Albans | £235,000 per unit | Gross Yield: 7.40% | Net Yield: 6.17%.We are delighted to offer a rare chance to acquire a portfolio of six modern, one-bedroom flats situated in the highly sought-after Ziggurat House on Grosvenor Road, St Albans. Perfectly positioned just minutes from St Albans City Station, these stylish apartments are ideal for professionals seeking fast connections to London and beyond, making them a consistent performer in the local rental market.Portfolio SummaryPrice per Unit: £235,000Current Rental Income:1 x £1,400 PCM3 x £1,350 PCM2 Units Currently VacantEstimated Market Rental (Fully Let): 6 x £1,450 PCM = £8,700 PCM / £104,400 PAGross Yield: 7.40%Net Yield (Inc. Full Management @ 8% + VAT): 6.17%Service Charge (Annual for all 6): £14,728.99Ground Rent (Annual for all 6): £1,800Each apartment offers a well-designed open-plan layout, modern fixtures and fittings, and bright, contemporary living spaces. Ziggurat House is a popular residential development with secure entry systems and well-maintained communal areas, appealing to both tenants and investors alike.Why Invest in St Albans?St Albans is a historic city with a vibrant town centre, excellent schools, and an array of independent shops, restaurants, and cultural venues. Its fast and frequent rail links to London St Pancras (under 20 minutes) make it a prime commuter hotspot. The local property market remains strong, supported by consistent demand from young professionals and city workers.With two flats currently vacant, there is immediate potential to uplift the rental income to market level, boosting returns further. For hands-off investors, we offer full professional management at 8% + VAT, ensuring your investment is handled seamlessly.To arrange a viewing or request further details, contact us today and secure a high-performing asset in one of the UK’s most desirable commuter locations. Tenure: Leasehold,BELVOIR DISCLAIMEREvery care has been taken with the preparation of these particulars, but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance please ask or professional verification should be sought. All dimensions are approximate. The mention of fixtures, fittings and/or appliances does not imply they are in full efficient working order. Photographs are provided for general information and it cannot be inferred that any item shown is included in the sale. These particulars do not constitute a contract or part of a contract.
