Commercial property for sale in St Albans, England

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 a 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. Energy Performance Certificates Unit C6BUnit C7Albert HouseAlbert HouseUnit C7BUnit C7 Unit C1BUnit C2Unit C7AUnit C1 &amp; C1AUnit C6BUnit C1CUnit C7Unit C7Unit C1 &amp; C1AUnit C1CUnit C1BUnit C2Unit C7A

Commercial property for sale in St Albans, England

Retail property (retail park) for sale

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