£750,000
(£507.44/sq. ft)
Retail premises for sale53-55 High Street, Stevenage, Hertfordshire SG1
1,478 sq. ft
Just added
Freehold
About this property
Retail & Residential Investment
Prominent Old Town location
Two fully let ground floor retail units with vacant flat to the first floor
Erv when fully let: £61,500 per annum . Price: £750,000 . Gross Yield: 8.2% (based on erv)
A rare opportunity to purchase a Grade II Listed freehold in Stevenage Old Town. The property comprises two retail units both let and a first floor residential apartment
53 High Street, Stevenage - Let on a 10 year lease until 2032 at a passing rent of £25,000 with a rent review due in 2027.
55 High Street, Stevenage - Let on a 6 year lease until 2028 at a passing rent of £24,500.
First Floor flat is currently vacant.
Stevenage Old Town is located approximately 1.5 miles north of the Town Centre which is accessed via junction 7 & 8 of the A1(M) motorway. Stevenage is located approximately 30 miles north of London.
53 High Street, Stevenage - Let on a 10 year lease until 2032 at a passing rent of £25,000 with a rent review due in 2027.
55 High Street, Stevenage - Let on a 6 year lease until 2028 at a passing rent of £24,500.
First Floor flat is currently vacant.
Stevenage Old Town is located approximately 1.5 miles north of the Town Centre which is accessed via junction 7 & 8 of the A1(M) motorway. Stevenage is located approximately 30 miles north of London.
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£3,751 per month
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