The property has retail sales space benefiting from a small return at ground floor with service yard to rear and internal stairs to first floor ancillary with kitchen and WC.
( Agency Pilot Software Ref: 24027 )
Location
Welwyn Garden City is an attractive commuter town with regular train service into London's Kings Cross (c.30 minutes fastest service). The premises are located within the town centre close to Sainsburys.
Accommodation
Ground Floor 80.6 Sq. m (868 Sq. ft)
First Floor 37.4 Sq. m (402 Sq. ft)
Total t 118.0 Sq. m (1,270 Sq. ft)
Terms
Tenure n service into London's Kings Cross (c.30 minutes fastest service). The premises are located within the town centre close to Sainsburys. The entire property is let to Willow Foundation by way of a full repairing and insuring lease expiring on 4th January 2025 subject to an upward only rent review effective from 4th January 2020.
Price £XXX for the sale of a 999-year lease from 25th March 1988 equating to a gross yield of 7.06% and a net initial yield of 6.79% after purchaser’s costs. VAT is not applicable.
Covenant Willow Foundation are a charity who help the lives of seriously ill young adults providing them with special days out. They have six shops across Hertfordshire. For the year ending 31st December 2018, Willow Foundation had total income of £XXX and net assets of £XXX
Specification
- Located in Welwyn Garden City town centre close to Sainsburys.
- Near to Church Road car park.
- Producing a rent of £XXX per annum.
- Upward only rent review effective 4th January 2020.
- Attractive lot size and net initial yield.
- Not elected for VAT.