53-55 High Street, Stevenage, Hertfordshire, SG1

Retail & Residential Investment Freehold For Sale

Description

• The property is grade 2 listed which fronts onto the High Street in the popular Old Town of Stevenage.
• The rear of the property abuts Middle Row which is a pedestrian thoroughfare and provides access to the first floor flat via a gated rear yard. .
• 53 High Street, Stevenage - Let on a 10 year lease until 2032 at a passing rent of £25,000 per annum 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 per annum.
  
  First Floor 1 bed flat is currently vacant. ERV: £12,000 per annum
• Total Estimated ERV: £61,500 per annum

Location

• 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.
• The subject property is located in the middle of the High Street in a prominent position. The High street offers short term parking and long stay car parks are within easy walking distance.
• Nearby occupiers include Tesco Express, Papa Johns, Austins, Costa Coffee as well as national pub chains independent restaurants and independent retailers.