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Albert Bygrave Retail Park 2 Retail Properties Offered at $9,594,594 in St Albans
Investment Highlights
- Established retail park with strong tenant mix, driving consistent footfall and consumer demand from surrounding residential catchments.
- Proven retail destination with national occupiers including Costa and Domino’s, enhancing scheme profile and customer draw.
- Excellent accessibility with prominent frontage, ample parking and strong vehicular flow supporting tenant trading performance.
Executive Summary
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.
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.
Property Facts
| Price | $9,594,594 | Number of Properties | 2 |
| Price / SF | $78.50 / SF | Individually For Sale | 0 |
| Cap Rate | 9.34% | Total Building Size | 122,221 SF |
| Sale Type | Investment | Total Land Area | 1.19 AC |
| Status | Active |
| Price | $9,594,594 |
| Price / SF | $78.50 / SF |
| Cap Rate | 9.34% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 122,221 SF |
| Total Land Area | 1.19 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 | 12,814 SF | 2023 | - |
Contacts
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Reuben Barnard -
Sam Bacon -
Olivier Worrall -
Marcus Godfrey -
Harry Marks -
GLPG Ltd
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Albert Bygrave Retail Park
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