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%.