Withdrawn
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Sold
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The property comprises a high yielding retail investment opportunity occupying a prime pedestrianised pitch.
Arranged as a ground floor retail unit with ancillary upper parts, the property is fully let to Techpros Trade Limited on a lease which has expired with the tenant holding over. The current rent receivable is £36,000 per annum.
We understand terms have been agreed for a renewal of the lease for an additional term of five years at a rent of £36,000 per annum.
The property occupies a prime pitch fronting the pedestrianised Queensway in the heart of Stevenage. The surrounding area is characterised by a number of national retailers including Costa, Holland & Barrett, Boots and Primark.
Tenure
Freehold
Rent
Notes
We understand the property is elected for VAT.