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£1,250,000

6 Bedroom Apartment

Verulam Road

Key Features

  • investment opportunity
  • superb location
  • (3x) 2 bed apartments
  • immediate income
  • easy walk to mainline station
  • 3 parking spaces
  • 6 bed 6 bath
  • all c rated epc's
  • tenants in situ
  • high quality finishes
  • council tax: d

Property Description

Martin & Co are thrilled to present an exciting investment opportunity in the heart of St Albans.

Three modern two bedrooms apartments at the vibrant end of town, Verulam Road is the place to be, stepping distance from the best shopping, restaurants and bars on offer in St Albans. With parking for each flat and the City train station within a 15 minute walk, these rent very well and all have tenants in situ, giving immediate income. There is no service charge or ground rent to pay out for, as the freehold is included in the package! Exterior decorative works have been approved by the current owner and will start imminently.

Currently achieving gross rental yield of 4.5% and consistently let to professional tenants for the last 10 years.

The first apartment is a large 100 square meter duplex, with a private entrance into welcoming hallway leading up to a bright lounge and contemporary kitchen with integrated appliances and granite worktops, a handy guest WC completes the lower level. Upstairs sees two spacious double bedrooms, both en-suite, with eaves storage and cathedral views. Council tax band D.

The second apartment, 92 square meters, is finished to a high standard and also a duplex. It has a generous kitchen with integrated appliances and granite worktops, a well sized lounge, storage and downstairs guest WC. Upstairs there are two double bedrooms, both en-suite, with eaves storage. Council tax band C.

The third apartment has a concealed entrance to the rear of the property, and is 52 square meters. Leading off the entrance hall, laid to wood flooring, is the double bedroom, second bedroom with en-suite, bathroom, modern kitchen and steps down to a lounge/diner. Council tax band B. A virtual tour is available for this apartment on the link above.

Please reference the sales brochure below for more detailed descriptions of the apartments. All three were refurbished together and finished to a high standard with quality fixtures and fittings, integrated kitchen appliances and solid worktops, gas central heating and hot water, wood floors and off road parking.

Call sole agents Martin & Co St Albans on 01727898236 for rental income, any further information or to book a viewing.
New pictures of the exterior with completed decorative works are due in soon.

A reminder the package includes the freehold - so no service charge or ground rent! Potential to change use to short terms lets subject to existing tenancy agreements.
 
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