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Riverside Industrial Estate

Units 4 & 5 , St Albans

AL2

Industrial

Status - For sale

Tenure - Freehold

Total floor area - 381,495 sq ft

Price - £29,000,000

Net initial yield - 8.31%

Strategic M25 distribution facility located in the established industrial area of London Colney, south-east of St Albans, benefitting from excellent road communications (0.5 miles from M25 providing access to the A1(M) and M1). The property comprises a large distribution warehouse providing 381,495 sq ft of space on c. 25 acres of land, and is a key Sainsbury's operational centre, having occupied the site for over 25 years. NFT Distribution Holdings Ltd will take a new lease for 10 years, with a tenant only break option exercisable after the fifth anniversary at a rent of £2,550,000 per annum. Sainsbury's Supermarkets Ltd will take a sublease from NFT to coincide with the head lease and on the same terms. Leases have been agreed without rent free periods so income is receivable immediately. Medium term opportunity for redevelopment, subject to planning.