17 – 17a St Peter’s Street, St Albans

100% Prime Rebased Freehold Investment  

• St Albans is one of the UK’s most affluent cities
• Arguably the most prominent trading location in the city centre
• New, rebased letting from October 2021 to Five Guys (Five Guys JV Limited)
• Entire property let on a 15 year term until 2036 with a tenant option to break at the tenth year
• A rent of £110,000 per annum, reflecting £113 psf Zone A, a significant rebase from the historical high of £150 psf Zone A
• Freehold

We will be seeking offers in excess of £1,725,000 subject to contract.  A purchase at this level reflects a net initial yield of 6.00% assuming purchaser’s costs of 6.19%.