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Albert Bygrave Retail Park, North Orbital Road, St Albans, AL2 1DL

Guide price

£7,100,000

Size

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Tenure

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EPC

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Parking

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Primary use
Out of town retail
Frontage
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No floor / site plan

Key features

  • A 3.179-acre (1.286 ha) site consisting of the front element of the retail park
  • Approx. 140 car parking spaces
  • Arranged as 10 units, with an additional 2 Units (C5 and C9) sold off on long leases
  • The asset is now fully-let, producing a total of £629,860 per annum
  • Additional ancillary income of £39,000 per annum
  • There is potential for significant rental uplift

Description

A 3.179-acre (1.286 ha) site consisting 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.

The asset is now fully-let, producing a total of £629,860 per annum, exclusive of service charge and additional ancillary income of £39,000 per annum generated from smart parking, EV charging and on-site advertising.

Strong Tenant profile including Wenzels, Costa, Loaf and Dominos.

There is potential for significant rental uplift through a combination of fixed increases within the existing leases and longer-term asset management.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Albert Bygrave Retail Park, North Orbital Road, St Albans, AL2 1DL

NEAREST STATIONS

National Rail

Park Street Station

1.47 miles

National Rail

St. Albans Station

1.68 miles

National Rail

St. Albans Abbey Station

1.78 miles

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Disclaimer - Property reference Bygrave. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by GLPG, Marylebone. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.