Grosevnor Road, St Albans, AL1 1 bed flat for sale

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Grosevnor Road, St Albans, AL1 1 bed flat for sale

Grosevnor Road, St Albans, AL1
£1,410,000

Our Summary

  • Exceptional Investment Opportunity – Portfolio of Six One-Bedroom Flats in Prime St Albans Location Ziggurat House, Grosvenor Road, St Albans | £235,000 per unit | Gross Yield: 7
  • With two flats currently vacant, there is immediate potential to uplift the rental income to market level, boosting returns further
  • INVESTMENT OPPORTUNITY
  • Investment opportunity

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: A rare investment opportunity is available in St Albans, offering a portfolio of six modern one-bedroom flats in the sought-after Ziggurat House. Each apartment features a well-designed open-plan layout, modern fixtures, and bright living spaces. With a prime location just minutes from St Albans City Station, these flats are ideal for professionals seeking fast connections to London. The current rental income is £8,400 per annum, with a gross yield of 7.40% and a net yield of 6.17%. With two flats currently vacant, there is potential to increase the rental income to market level, and full professional management is available at 8% + VAT. This is a consistent performer in the local rental market, making it an attractive investment opportunity for those seeking a hands-off investment with strong returns.