St Albans Particulars - GVA
For Sale On behalf of Network Rail
Retail / Mixed Use Redevelopment Opportunity 155-157, 159 and 161 Victoria Street, St Albans, Hertfordshire, AL1 3TA
Indicative Boundary
Indicative Boundary
October 2016
Currently A2/A3/A5 use with residential/mixed use redevelopment potential subject to gaining the necessary consents Existing retail space approximately 1,684 sq ft Site area approximately 0.014 hectares (0.03 acres) Freehold for sale by informal tender with unconditional and subject to planning offers invited Bid deadline 12 noon Tuesday 8th November 2016
gva.co.uk/10052
Location
Business Rates
The property is located in St Albans, an affluent commuter town in Hertfordshire. The property is located on the northern side of Victoria Street (B691), the main route between St Albans train station and the town centre. Road connections are in close proximity and include the A414, A1, M25 and M1 (J8).
We understand that 155-157 has a rateable value of £16,500, 159 of £13,000 and 161 of £5,300, totalling £34,800.
To the north is a car park serving the three-storey office building. To the east, the site abuts the St Albans City train station, which has regular train services to London St Pancras International. On the northern side of Victoria Street and adjoining the site to the west is a parade of shops with residential use on the upper floors.
Tenure and Tenancy The property is to be transferred in its current condition with occupiers in place. The units are let on periodic tenancies and generate a total passing rent of £41,500. The site is held as part of a wider freehold that is registered under title number HD410671. Purchasers should make their own enquiries on title matters. The title documents, leases and further information are available on the BGVA website: www.gva.co.uk/10052
Planning The site is located within the St Albans Conservation Area (Midland & Great Northern Railways Character Area – Area 6B). We are unaware of any recent planning applications relevant to the property. Interested parties are advised to make their own planning enquiries to the local planning authority.
Property Description The property occupies a site area of circa 0.016 hectares (0.04 acres) and comprises 3 tenanted retail units. The premises consist of single storey buildings as seen from the roadside with a basement to units 155-157 and 159. The properties are occupied by a takeaway food outlet (155157 Victoria Street) and sandwich bar (159 Victoria Street), with a vacant unit (161 Victoria Street) previously occupied as an estate agency which is a locally listed building. Pedestrian access to these units can be gained via the public footpath on the northern side of Victoria Street. There is a gated alleyway running alongside the western edge of 155 Victoria Street (outside of the demise). The gradient of the site slopes downhill to the rear of the site meaning it is elevated above the adjoining lots to the north and the east.
Asset Protection There are a number of conditions in regards to technical clearance which can be found on the BGVA website. For further information associated with asset protection and the transfer of the property, please contact: [email protected]
VAT We understand that VAT on the purchase price will be payable.
Viewings Viewings are by appointment only. Should you wish to arrange a viewing, please use the contact details below.
Offers and Terms We are seeking unconditional and subject to planning offers via informal tender. All bids should be submitted on a specific bid proforma available from BGVA upon request and emailed to [email protected] by 12 noon Tuesday 8th November 2016. For further information, please contact: Isabelle Garner 020 7911 2191 [email protected]
Isabelle Shayegan 020 7911 2781 [email protected]
GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
Retail / Mixed Use Redevelopment Opportunity 155-157, 159 and 161 Victoria Street, St Albans, Hertfordshire, AL1 3TA
Indicative Boundary
Indicative Boundary
October 2016
Currently A2/A3/A5 use with residential/mixed use redevelopment potential subject to gaining the necessary consents Existing retail space approximately 1,684 sq ft Site area approximately 0.014 hectares (0.03 acres) Freehold for sale by informal tender with unconditional and subject to planning offers invited Bid deadline 12 noon Tuesday 8th November 2016
gva.co.uk/10052
Location
Business Rates
The property is located in St Albans, an affluent commuter town in Hertfordshire. The property is located on the northern side of Victoria Street (B691), the main route between St Albans train station and the town centre. Road connections are in close proximity and include the A414, A1, M25 and M1 (J8).
We understand that 155-157 has a rateable value of £16,500, 159 of £13,000 and 161 of £5,300, totalling £34,800.
To the north is a car park serving the three-storey office building. To the east, the site abuts the St Albans City train station, which has regular train services to London St Pancras International. On the northern side of Victoria Street and adjoining the site to the west is a parade of shops with residential use on the upper floors.
Tenure and Tenancy The property is to be transferred in its current condition with occupiers in place. The units are let on periodic tenancies and generate a total passing rent of £41,500. The site is held as part of a wider freehold that is registered under title number HD410671. Purchasers should make their own enquiries on title matters. The title documents, leases and further information are available on the BGVA website: www.gva.co.uk/10052
Planning The site is located within the St Albans Conservation Area (Midland & Great Northern Railways Character Area – Area 6B). We are unaware of any recent planning applications relevant to the property. Interested parties are advised to make their own planning enquiries to the local planning authority.
Property Description The property occupies a site area of circa 0.016 hectares (0.04 acres) and comprises 3 tenanted retail units. The premises consist of single storey buildings as seen from the roadside with a basement to units 155-157 and 159. The properties are occupied by a takeaway food outlet (155157 Victoria Street) and sandwich bar (159 Victoria Street), with a vacant unit (161 Victoria Street) previously occupied as an estate agency which is a locally listed building. Pedestrian access to these units can be gained via the public footpath on the northern side of Victoria Street. There is a gated alleyway running alongside the western edge of 155 Victoria Street (outside of the demise). The gradient of the site slopes downhill to the rear of the site meaning it is elevated above the adjoining lots to the north and the east.
Asset Protection There are a number of conditions in regards to technical clearance which can be found on the BGVA website. For further information associated with asset protection and the transfer of the property, please contact: [email protected]
VAT We understand that VAT on the purchase price will be payable.
Viewings Viewings are by appointment only. Should you wish to arrange a viewing, please use the contact details below.
Offers and Terms We are seeking unconditional and subject to planning offers via informal tender. All bids should be submitted on a specific bid proforma available from BGVA upon request and emailed to [email protected] by 12 noon Tuesday 8th November 2016. For further information, please contact: Isabelle Garner 020 7911 2191 [email protected]
Isabelle Shayegan 020 7911 2781 [email protected]
GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
