29-31 St Peter's Street
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29-31 St Peter's Street
2 Retail Properties Offered at $3,335,000 in St. Albans
Investment Highlights
- Situated on the prime retail thoroughfare of St Peter’s Street
- Potential to extend further above Vision Express, subject to planning
- Two attractive, very well located retail buildings, let to the robust covenants of Costa Limited and Vision Express (UK) Limited
- Freehold. The property is held on two separate titles. There is future scope to split and sell separately.
Executive Summary
Prime South East Retail & Residential Investment
The property comprises two attractive and prominent buildings forming part of the prime frontage on St Peter’s Street.
29 St Peter’s Street: the ground floor and basement of the property are utilised by Costa as a retail coffee shop. The ground floor is utilised as sales, with a raised ancillary area at the rear where the kitchen and office are located. The basement is currently utilised as ancillary.
The upper floors of the property consist of two residential flats, with a self-contained access off St Peter’s Street. Flat A is a 1-bed flat arranged at first floor. Flat B is a 3-bed flat arranged over first and second floors. Access to Drovers Way can also be gained from the rear of the property.
31 St Peter’s Street: the property consists of a retail shop arranged over ground (sales) and first (ancillary) floors.
29 St Peter’s Street is a Locally Listed Building. The property is situated within a Conservation Area.
The property comprises two attractive and prominent buildings forming part of the prime frontage on St Peter’s Street.
29 St Peter’s Street: the ground floor and basement of the property are utilised by Costa as a retail coffee shop. The ground floor is utilised as sales, with a raised ancillary area at the rear where the kitchen and office are located. The basement is currently utilised as ancillary.
The upper floors of the property consist of two residential flats, with a self-contained access off St Peter’s Street. Flat A is a 1-bed flat arranged at first floor. Flat B is a 3-bed flat arranged over first and second floors. Access to Drovers Way can also be gained from the rear of the property.
31 St Peter’s Street: the property consists of a retail shop arranged over ground (sales) and first (ancillary) floors.
29 St Peter’s Street is a Locally Listed Building. The property is situated within a Conservation Area.
Property Facts
| Price | $3,335,000 | Number of Properties | 2 |
| Price / SF | $442.66 / SF | Individually For Sale | 0 |
| Cap Rate | 6.75% | Total Building Size | 7,534 SF |
| Sale Type | Investment | Total Land Area | 0.11 AC |
| Status | Active |
| Price | $3,335,000 |
| Price / SF | $442.66 / SF |
| Cap Rate | 6.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,534 SF |
| Total Land Area | 0.11 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 29 St. Peters St, St. Albans AL1 3DP | Retail | 4,614 SF | 1912 | - |
| 31 St. Peters St, St. Albans AL1 3DP | Retail | 2,920 SF | 1912 | - |
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29-31 St Peter's Street
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