Shopping Centres in Lemsford available for sale
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Shopping Centre for Sale near the Lemsford, UK

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Shopping Centres for Sale Within 10 miles of the Lemsford, UK

More details for Albert Bygrave Retail Park – Retail for Sale, St Albans

Albert Bygrave Retail Park

  • Retail for Sale
  • £7,000,000
  • 122,169 sq ft
  • 3 Retail Properties

St Albans Portfolio of properties for Sale - Hatfield

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.

Contact:

GLPG Ltd

Date on Market:

28/05/2024
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