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Clarence House, St Albans

  • £ $3,000,000
St Albans, AL1 4JB, ,
Sale

Clarence House, St Albans

St Albans, AL1 4JB, ,
  • £ $3,000,000

Description

A unique opportunity to acquire a vacant office building with significant asset management and development potential in the heart of St Albans.
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  • Clarence House is located in the affluent and historic Cathedral City of St Albans, 22 miles north-west of Central London;
  • Prime location in the heart of the City Centre 4-minute walk from St Albans City Railway station, providing a fast and frequent service to London St Pancras (22 minutes);
  • The property currently comprises a vacant 12,111 sq ft (NIA) office building arranged over ground and first floors;
  • Multiple redevelopment opportunities to extend and refurbish the building or convert the accommodation to residential premises, subject to obtaining the necessary consents;
  • The property is held freehold;
  • St Albans is a highly desirable city in which to live owing to its transport connectivity, high-quality housing stock, extensive amenity and access to plentiful green space, with 43% of working residents working in the district and 21% commuting to London;
  • St Albans has continued to grow in prominence as a location for headquarter offices and regional hubs for multinational companies over the last ten years;
  • Grade A office rents in St Albans increasing to £42.00 per sq ft in Q2 2022, whilst providing an attractive discount to the Central London markets for occupiers.

Offers

Offers are invited in excess of £3,000,000 (Three Million Pounds) for the freehold interest, subject to contract, and exclusive of VAT.

This represents a low capital value of £247 psf.

Call Daisy for more information at +44 (0)7500 066 621.

  • Address 134 Hatfield Road
  • Zip/Postal Code AL1 4JB

Details

Updated on September 20, 2022 at 6:00 pm
  • Price: £ $3,000,000
  • Property Size: 12111 sq ft
  • Property Type: Commercial
  • Property Status: Sale

Overview

  • Commercial
  • Property Type
  • 12111
  • sq ft

Contact Information

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Daisy Hubert

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