Development/Investment Opportunity, Park Street, St Albans - £500,000

A former public house in a convenient location offering development (STPP) or investment opportunities.

• Description

  THE FALCON PUBLIC HOUSE
  72 Park Street, St Albans AL2 2PW

  An appealing property in a convenient location offering development opportunities (subject to planning); or to retain as a hospitality use.

  The site covers an area of approximately 0.12 acres and the main building is of a relatively handsome design to front. This consists of a decent sized bar area (with associated facilities) plus kitchen and store on the ground floor, 2 cellar areas below and 4 rooms plus bathroom on the first floor. To the rear is a parking area. Access is available directly onto Park Street.

  The building extends to approximately 2,221 sq.ft in total (1,121 sq.ft ground floor; 712 sq.ft first floor; 388 sq.ft in the cellars) and is in need of modernisation.

  No enquiries have been made of the Council but there could be opportunity to extend the existing footprint, or because the pub has now ceased to operate, change the use to residential use. Other properties nearby have access from the rear (via Fairhaven), which could be an option here, providing additional development avenues in the car park.

• Location

  Park Street Rail 0.3 miles (5 min walk)

  North Orbital (A414) 0.7 miles

  M25 J21a 1.9 miles

  St Albans High Street 2.2 miles

  Radlett Rail 2.8 miles (26 mins to St Pancras)

• Guide Price

  £500,000 (plus vat)

• Method of Sale

  The property is offered for sale by private treaty. Because the asset is held within a Limited Company it could be possible to purchase this, which would mean a reduced Stamp Duty liability.

• Title, Services & other items

  Tenure and possession
  The property is available Freehold under Title Number HD280743 with Vacant Possession.

  Local Authority
  The property lies in the Hertsmere District Council’s area.

  Services
  Mains electricity, water, gas and drainage.

  Anti-Money Laundering (AML)
  In accordance with AML legislation the purchaser will be required to provide proof of identity and home address as well as source of funds.

  Viewing
  Strictly by appointment with the sole selling agent.

  Health and Safety
  Efforts have been made to remove hazardous items from the property, but as with any vacant building care should be taken when viewing.

 

For more information on this property, get in touch with Pantons.