36 high street - Realla
36 HIGH STREET Stevenage, Hertfordshire SG1 3EF
RETAIL UNIT 688 sq ft (63.91 sq m) Lock-up Shop
FOR SALE/TO LET T: 01438 316655 W: www.brownandlee.com
Location
Tenure
Stevenage Old Town is situated approximately 1.5 miles north of the New Town centre, which is readily accessed by junction 7 and 8 of the A1 (M) motorway. Stevenage is approximately 30 miles north of Central London.
Our client is able to offer the freehold of this property vacant on completion.
The property is located within the historic Old Town of Stevenage and is located towards the northern end of the High Street. The property is not listed but is in a conservation area.
Description
Accommodation The approximate net useable areas are as follows: Ground Floor 409 sq ft
37.99 sq m
First Floor Office
We are instructed to seek offers at a guide of £250,000.
Rates We understand from the Valuation Office Agency website (www.voa.gov.uk) that the property currently has a rateable value of £12,000 and the UBR for 2017/2018 is 47.9p in the £. Rates payable may be subject to transitional arrangements, which should be verified with the Charging Authority. Assessments may be subject to appeal.
Energy Performance Certificate (EPC) To be assessed.
279 sq ft
25.09 sq m
Total Total
Proposal
The property will be available to rent at a figure of £16,000pa.
The accommodation comprises of a self-contained retail unit on ground floor with first floor office area with kitchen and wc facilities.
Retail area
A new lease on full repairing and insuring terms is available, subject to negotiation.
Legal Costs Each party to be responsible for their own legal costs.
688 sq ft
63.91 sq m
Investment Option The property is available freehold with vacant possession. There is the possibility to let the property and create an investment, the current estimated rental level for a property in this location is c£16,000pa. A purchase at the quoting level would provide a gross initial yield of approximately 6.5%.
VAT Unless otherwise stated all prices and rents quoted are exclusive of Value Added Tax. Any intending lessees or purchasers must satisfy themselves as to the incidence of VAT in respect of any transaction.
For further information, please contact: Daniel Musgrove T: 01438 794586 M: 07966 144131
E: [email protected] W: www.brownandlee.com
Brown & Lee Commercial Surveyors LLP 15 Meadway Court, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF |Ref: In association with: Brown & Lee Aylesbury, Milton Keynes & Bedford Every effort has been made to ensure that these particulars are correct but their accuracy is not guaranteed and they do not form part of any contract. All prices and rentals are quoted exclusive of VAT | Regulated by RICS
RETAIL UNIT 688 sq ft (63.91 sq m) Lock-up Shop
FOR SALE/TO LET T: 01438 316655 W: www.brownandlee.com
Location
Tenure
Stevenage Old Town is situated approximately 1.5 miles north of the New Town centre, which is readily accessed by junction 7 and 8 of the A1 (M) motorway. Stevenage is approximately 30 miles north of Central London.
Our client is able to offer the freehold of this property vacant on completion.
The property is located within the historic Old Town of Stevenage and is located towards the northern end of the High Street. The property is not listed but is in a conservation area.
Description
Accommodation The approximate net useable areas are as follows: Ground Floor 409 sq ft
37.99 sq m
First Floor Office
We are instructed to seek offers at a guide of £250,000.
Rates We understand from the Valuation Office Agency website (www.voa.gov.uk) that the property currently has a rateable value of £12,000 and the UBR for 2017/2018 is 47.9p in the £. Rates payable may be subject to transitional arrangements, which should be verified with the Charging Authority. Assessments may be subject to appeal.
Energy Performance Certificate (EPC) To be assessed.
279 sq ft
25.09 sq m
Total Total
Proposal
The property will be available to rent at a figure of £16,000pa.
The accommodation comprises of a self-contained retail unit on ground floor with first floor office area with kitchen and wc facilities.
Retail area
A new lease on full repairing and insuring terms is available, subject to negotiation.
Legal Costs Each party to be responsible for their own legal costs.
688 sq ft
63.91 sq m
Investment Option The property is available freehold with vacant possession. There is the possibility to let the property and create an investment, the current estimated rental level for a property in this location is c£16,000pa. A purchase at the quoting level would provide a gross initial yield of approximately 6.5%.
VAT Unless otherwise stated all prices and rents quoted are exclusive of Value Added Tax. Any intending lessees or purchasers must satisfy themselves as to the incidence of VAT in respect of any transaction.
For further information, please contact: Daniel Musgrove T: 01438 794586 M: 07966 144131
E: [email protected] W: www.brownandlee.com
Brown & Lee Commercial Surveyors LLP 15 Meadway Court, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF |Ref: In association with: Brown & Lee Aylesbury, Milton Keynes & Bedford Every effort has been made to ensure that these particulars are correct but their accuracy is not guaranteed and they do not form part of any contract. All prices and rentals are quoted exclusive of VAT | Regulated by RICS
