Stevenage Office Complex, Lytton Way, Stevenage, SG1 3HG

• Stevenage enjoys excellent communications, being located alongside the A1(M), with rapid access to the M25, and London, and linking to the A1 Great North Road. Rail services are on the East Coast Main Line and Luton Airport is only 14 miles to the west.• Prominent development of four offi ce buildings constructed 1980’s, fronting the A602 (Lytton Way)• Let to fi ve occupational tenants, plus a telecommunications mast, with a serviced offi ces business run by the vendor, producing a total income of £172,825 pa• Considerable potential to increase income, through asset management initiatives with ERV of circa £321,500 pa.• Potential for residential, hotel or other alternative uses, subject to permitted development rights or planning consent.• Offers sought in excess of £1,600,000 subject to contract to give an initial yield of 10.2% after 5.8%purchasers costs, potential reversionary yield of 19%, and capital cost of only £ 39.82 per sq ft.

Location