This is a mixed use property of retail at ground floor with residential above. The property comprises of two ground floor retail units with shared entrance. One of the units has basement storage. Access to the flats is via a separate entrance door which leads to first and second floor. There are two flats on the first floor and one on the second floor.
At the rear of the property there are separate wc facilities for the shops in a shared block. Beyond this there is a storage area at ground floor only. There is a small garden/external area. There may be potential to extend or develop the rear building and land at some point in the future with the appropriate consents and approvals.
The residential units have been sold on 125 year leases as per the attached schedule. The shops are on commercial leases also detailed in the schedule.
Leases for the commercial tenancies are available on request.
( Agency Pilot Software Ref: 10506 )
72 High Street, Stevenage, SG1 3EA
Type: Retail - High Street, Residential, Retail, Other Property Types & Opportunities
72 High Street, Stevenage, SG1 3EAGBStevenage, StevenageHertfordshireSG1 3EA60, High Street
The premises is situated in a prime location in Stevenage Town Centre, adjacent to Boots and opposite Primark.
The premises consist of a retail unit on the ground floor and 14 one bedroom residential flats arranged over the first and second floors. The ground floor retail unit comprises approximately 2,900 sq.ft., with return frontage to Market Place.
Offers for the freehold investment are sought in excess of £900,000.
The ground floor retail unit has been let by way of a ten year lease which commenced 8th July 2016. There is a tenant break clause and rent review at the end of the fifth year of the term. A £25,000 rent deposit is held by the landlord for the entire lease term and the current rent is £60,000 per annum.
33 Queensway, Stevenage
Type: Residential, Retail, Other Property Types & Opportunities
This retail parade with redevelopment potential is located in Stevenage. Stevenage is an accessible Hertfordshire town, situated between Letchworth Garden City to the north and Welwyn Garden City to the south, adjoining junctions 7 & 8 of the A1(M), approximately 30 miles north of Central London. The retail parade with redevelopment potential is situated within the historic old town on the High Street and forms part of a retail parade opposite Basils Road, approximately one mile north of the mainline railway station.
48-54 High Street, Old Town, Stevenage - Under Offer
48 - 54 High Street, Stevenage, SG1 3EFGBStevenageHertfordshireSG1 3EF48 - 54, High Street