Land for sale

Grosvenor Road, St. Albans, Hertfordshire AL1

This impressive detached building features seven two-bedroom apartments, all currently let, 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.

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.

Furthermore, the rear of the site is designated for potential development, as outlined in the planning reference (5/2024/0566).