Property photos
Guide price
£9,000,000
(£415.15/sq. ft)
Retail premises for sale
North Orbital Road, St Albans AL221,679 sq. ft
Local area information
Property location
Nearby amenities
- Samuel Ryder Academy 0.6 miles
- London Colney Primary & Nursery School 0.6 miles
- Park Street 1.5 miles
- St Albans City 1.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- The site consists of the front element of the retail park
- Arranged as 10 units, with an additional 2 Units (C5 and C9) sold off on long le
- Approx. 140 car parking spaces
- Current income for the 9 let Units is £533,604 per annum
- Fixed rent increases within several of the Leases
- One of the 10 Units is currently under refurbishment (re-let for further income)
- Strong Tenant profile including Wenzels, Costa, Loaf and Dominos
- Potential for significant rental uplift with erv of approx. £765,000 by 2033
The site lies in a prominent position, situated on the North Orbital Road, consisting of a multi-let retail park which is being sold with the benefit of existing income.
The site is arranged as ten units with an additional two units (C5 and C9) sold off on long leases.
There are approx. 140 car parking spaces on site, including ev charging for 6 cars. The site is regulated by anpr parking system, run by Smart Parking, which records over 20,000 vehicle movements per month.
The North Orbital Road (A414) has over 100,000 vehicles pass the site per day.
Comprehensive CCTV coverage is installed across the entire site.
The current annual income is £533,604 per annum, with an erv of approx. £765,000 per annum by 2033.
There is a potential for significant rental uplift through a combination of fixed increases within the existing leases, letting vacant units (C2/C3), and longer-term asset management.
There may be an opportunity for future redevelopment of the site, subject to obtaining the necessary planning consents.
The site is arranged as ten units with an additional two units (C5 and C9) sold off on long leases.
There are approx. 140 car parking spaces on site, including ev charging for 6 cars. The site is regulated by anpr parking system, run by Smart Parking, which records over 20,000 vehicle movements per month.
The North Orbital Road (A414) has over 100,000 vehicles pass the site per day.
Comprehensive CCTV coverage is installed across the entire site.
The current annual income is £533,604 per annum, with an erv of approx. £765,000 per annum by 2033.
There is a potential for significant rental uplift through a combination of fixed increases within the existing leases, letting vacant units (C2/C3), and longer-term asset management.
There may be an opportunity for future redevelopment of the site, subject to obtaining the necessary planning consents.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
Listed by
.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - GLPG. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact GLPG for full details and further information.