The property forms the Northern end of a period terraced property constructed of brick under a pitched and slated roof. A vehicular entrance leads through to a further two-storey building at the rear. Parking is located between the two buildings. The building at the rear is two-storey constructed of brick and clad with timber to the front elevation under a flat roof. 166 High Street This property is located on the ground floor in the front building and is currently a 1 bed flat. The flat has both front and side entrance. The bedroom is to the front of the property which links to the living room/kitchen. There is a separate bathroom. The vendors have confirmed this has recently become vacant.
166A High Street 166A are offices located at first floor above the flat detailed above. They are accessed off the archway and provide 4 office suites with separate kitchen and WC’s. The offices require refurbishment and redecoration.
166B High Street A 2 storey self-contained unit with storage/office to the ground floor and offices to the first floor.
( Agency Pilot Software Ref: 7168 )
Location
Stevenage is an expanding town adjacent to the A1(M) with two junctions at separate access points, directly onto the major trunk road. Stevenage has a population of 83,957 (2011 census) and is situated approximately 30 miles North of London, has excellent mainline railway connections and with London Kings Cross (20 minutes travel time) and two international airports are within the vicinity at Luton and Stanstead. Stevenage is split into two main areas, the new town and the Old Town. 166 High Street is located within the Old Town, which is the established High Street and the original centre of Stevenage, before the new town was built. The property is located at the southern end of the High Street opposite King George V recreation ground.
Accommodation
166 High Street 166 Ground Floor Flat 411 sq ft (38.1 sq m)
166A First floor office & kitchen 500 sq ft (46.4 sq m )
166B High Street Workshop/office 1,593 sq ft (148.05 sq m )
Total Total 2,504 sq ft (232.6 sq m)
Terms
Tenancy Schedule Accommodation Sq Ft Rent ERV 166 Ground floor 1 bed flat 411 Vacant £9,600 166a First Floor offices 500 Vacant £8,000 pa 166B – 2 storey building 1,031 £7,000 pa £15,500 pa Total 1,942 £7,000 pa £33,100 166B High Street This property is currently held under a lease dated 14th January 2019 for a period of 5 years. The tenant is Evergreen Facilities Services Ltd, company no. 02752941. The lease is held on mainly full repairing and insuring terms. The tenant has a break in January 2022 and the vendor confirmed they have not received any break notice. The lease has not been excluded from the renewal provisions of the Landlord & Tenant Act 1954 Part II (as amended). We believe the unit is under rented and there is potential for rental growth at the rent review in January 2022.
Price The property is available at £595,000 freehold.
Rates The UBR for 2021/22 is XXX in the £.
Rates payable may be subject to transitional arrangements and/or small business relief, which should be verified with the Charging Authority. Assessments may be subject to appeal. We understand from the Valuation Office Agency website (www.voa.gov.uk) that the rateable values are: 166A High Street £5,500 166B High Street £9,100 Council Tax 166 Ground Floor Flat £1,692.61 gross charge
Legal Costs Each party to be responsible for their own legal costs incurred in this transaction.
Energy Performance Certificate (EPC) TBC
VAT We are informed by the owners that VAT is not applicable on this transaction