41-43 St Peter’s Street, St Albans, AL1 3DU

Investment Considerations

  • St Albans is one of the UK’s most affluent and desirable Cathedral Cities, located 20 miles north east of Central London.
  • Situated on the prime retail thoroughfare of St Peter’s Street.
  • Lease renewal recently agreed at a rebased rent of £120,000 pa (reduced from £165,000 pa).
  • Let in its entirety to Superdrug Stores Plc, rated 5A1 by Dun & Bradstreet.
  • Upper floor residential accommodation not used by the tenant – may provide future asset management opportunity.
  • Freehold.


We are instructed to seek offers in excess of £1,615,000 (One Million, Six Hundred and Fifteen Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive net initial yield of 7.00% after allowing for normal purchaser’s costs of 6.15%.

For further information please contact agents: