Salvation Army, Welwyn Garden City
18 Howardsgate, Welwyn Garden City AL8 6BQ, UKBasic Facts
| Property ID: 13019 | Post Updated: 2022-06-24 10:48:39 |
| Status: Acquired | Type: Retail - other |
| Tenure: Virtual Freehold | Area: 828 sq ft |
| Gross Rent: £ 31,000 | Lease Term: 10 yrs from Feb' 13 |
| Lease Term Expiry Date: 07/02/23 | Years left on Lease: -1.2 |
| VAT applicable: Yes |
Property Description
- Virtual Freehold investment.
- The property comprises a ground floor lock up shop and extends to approximately 828 sq ft.
Location Description
- Welwyn Garden City is a popular town located 7 miles west of Hertford, 10 miles south of Stevenage and 24 miles north of London.
- The town lies in close proximity to the A1(M) Junction 4 which links to Junction 23 of the M25 Motorway. The property is situated on the south side of Howardsgate, east of its junction with Parkway.
- Welwyn Garden City station which provides regular trains to London Kings Cross (fastest journey time 27 minutes) is some 644m from the property. London Luton Airport is situated approximately 13 miles to the north-west of the town.
- Occupiers close by include: HSBC Bank, Superdrug, Boots Opticians, Pizza Express, Halifax Bank and Costa Coffee amongst many others
Tenancy & Additional Notes
- Let on a FRI lease to Salvation Army from 11th February 2013 for a term of 10 years at a passing rent of £31,000 p.a.
- There was a break option in 2018 which was not exercised.
Features
Customer car parking
Finance available
Suitable for a SIPP
Under £500k
Virtual Freehold
