Grosvenor Road, St. Albans, Hertfordshire

Property Details: • Type: Detached • Tenure: FREEHOLD • Floor Area: N/A

Key Features:

Location: • Nearest Station: St. Albans Station • Distance to Station: 0.27024387649051745 miles

Agent Information: • Address: 9 - 11 Victoria Street, St. Albans, Hertfordshire, AL1 3UB

Full Description: This impressive detached building features seven two-bedroom apartments, all currently let under Assured Shorthold Tenancies (ASTs), with parking provided for each unit. It is conveniently located within one mile of vibrant St Albans City Centre, which offers a wide variety of well-known branded shops and restaurants. Additionally, the mainline station nearby provides fast and regular access to London St. Pancras. The site also presents an exciting opportunity to develop two further self-contained units, as per application reference (5/2024/0566), enhancing the investment potential with strong prospects for resale or rental return.<br /><br />The property is a detached residential building with a total area of approximately 4,000 square feet. It contains seven well-maintained two-bedroom apartments, each measuring around 55 square meters (560 square feet), with an estimated rental value of £147,000 per annum. There is also access to the property's parking facilities and garden via a private driveway. This prime location offers a secluded atmosphere, surrounded by mature hedges and trees that ensure the property's privacy. <br /><br />Furthermore, the rear of the site is designated for potential development, as outlined in the planning reference (5/2024/0566).<br /><br />Apartment 1: Two Bedroom Ground Floor 51 SQM<br /><br />Apartment 2: Two Bedroom Ground Floor 51 SQM <br /><br />Apartment 3: Two Bedroom Ground Floor 61 SQM <br /><br />Apartment 4: Two Bedroom First Floor 57 SQM <br /><br />Apartment 5: Two Bedroom First Floor 54 SQM <br /><br />Apartment 6: Two Bedroom Upper Floor 52 SQM <br /><br />Apartment 7: Two Bedroom Upper Floor 54 SQM <br /><br /><br />The overall GIA, including the two proposed apartments, is approximately 5,767 sqft, 535 SQM