North Orbital Rd | St Albans AL2 1DL
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
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 | £57.30 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 122,169 SF |
| Status | Active | Total Land Area | 18.48 AC |
| Number of Properties | 3 |
| Price / SF | £57.30 / 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 | 109,407 SF | 1984 | - |
|
Albert Bygrave Retail Park
North Orbital Rd, St Albans AL2 1DL |
Retail | 8,606 SF | 2023 | - |
|
Burston Nurseries
North Orbital Rd, St. Albans AL2 2DS |
Retail | 4,156 SF | - | - |
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
