North Orbital Rd
St Albans AL2 1DL
Albert Bygrave Retail Park · Retail Property For Sale · 122,169 SF Total
INVESTMENT HIGHLIGHTS
- Site In Prominent Position
- Comprehensive CCTV Across Site
- 140 Parking Spaces, Including EV For 6 Cars
EXECUTIVE SUMMARY
Commercial investment with asset management potential in St Albans, comprising the front element of Albert Bygrave Retail Park.
- Site consists of the front element of the retail park, with approx. 140 car parking spaces.
- Arranged as 10 units, with an additional 2 Units (C5 and C9) sold off on long leases.
- Current income for the 9 let units is £533,604 per annum, plus fixed increases within several of the leases.
- One of the 10 units is currently under refurbishment, in readiness for re-let for further income.
- Strong tenant profile including Wenzels, Costa, Loaf and Dominos.
- Potential for significant rental uplift with a ERV of approx. £765,000 by 2023.
- Longer-term asset management & development opportunities, subject to obtaining the necessary planning consents.
- Site consists of the front element of the retail park, with approx. 140 car parking spaces.
- Arranged as 10 units, with an additional 2 Units (C5 and C9) sold off on long leases.
- Current income for the 9 let units is £533,604 per annum, plus fixed increases within several of the leases.
- One of the 10 units is currently under refurbishment, in readiness for re-let for further income.
- Strong tenant profile including Wenzels, Costa, Loaf and Dominos.
- Potential for significant rental uplift with a ERV of approx. £765,000 by 2023.
- Longer-term asset management & development opportunities, subject to obtaining the necessary planning consents.
PROPERTY FACTS
| Price / SF | $72.78 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 122,169 SF |
| Total Land Area | 18.48 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Albert Bygrave Retail Park
North Orbital Rd, St Albans AL2 1DL |
Retail | 8,606 SF | 2023 | - |
|
Albert Bygrave Retail Park
North Orbital Rd, St Albans AL2 1DL |
Retail | 109,407 SF | 1984 | - |
|
Burston Nurseries
North Orbital Rd, St. Albans AL2 2DS |
Retail | 4,156 SF | - | - |
