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Ridgmont Plaza
36 Ridgmont Road, St Albans
AL1 3AB
Office
Status - Sold
Tenure - Freehold
Total floor area - 17,866 sq ft
Price - £3.84m
Net initial yield - 8.00%
Capital value - £215 per sq ft
Four storey detached office building constructed in 1988. Excellent location next to St Albans mainline railway, good access to motorway networks. Car parking ratio of 1:235 sq ft. Well secured to HSBC Actuaries and Consultants Limited for a term of 25 years expiring on 23 June 2013. Outstanding June 2008 rent review. Total current income of £325,000 pa, equating to £18.20 psf.
Agent details
Lambert Smith Hampton
Scott Helyer
Telephone: 020 7198 2225
Mobile: 07808 479 345
Office: London
shelyer@lsh.co.uk
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Lambert Smith Hampton
Ali Rana
Telephone: 020 7198 2224
Mobile: 07739 019 717
Office: London
arana@lsh.co.uk
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