37 Queensway Stevenage Hertfordshire SG1 1DN

37 Queensway
Stevenage
Hertfordshire
SG1 1DN

Freehold Retail Investment

  • Prime Pedestrianised Town Centre location
  • Tenant in occupation since at least 1993
  • Adjacent to Primark, Boots the Chemist and Superdrug
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    71
  • Auction
    8th December 2016
  • Rent
    £48,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £505,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Prime Pedestrianised Town Centre location
  • Tenant in occupation since at least 1993
  • Adjacent to Primark, Boots the Chemist and Superdrug
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 71
  • Auction 8th December 2016
  • Rent
  • Status Sold
  • Price £505,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
11 miles north of Hatfield, 15 miles east of Luton, 30 miles north of Central London
Roads
A1(M), A602
Rail
Stevenage Railway Station
Air
Luton Airport, Stansted Airport
Situation

Stevenage is a popular London commuter town some 30 miles north of Central London. The property is situated on the eastern side of pedestrianised Queensway in the heart of Stevenage town centre and directly opposite Primark. Other neighbouring occupiers include Boots the Chemist and Superdrug adjacent as well as McDonald's and Natwest Bank.

Tenure

Freehold.

Location
Miles
11 miles north of Hatfield, 15 miles east of Luton, 30 miles north of Central London
Roads
A1(M), A602
Rail
Stevenage Railway Station
Air
Luton Airport, Stansted Airport
Situation

Stevenage is a popular London commuter town some 30 miles north of Central London. The property is situated on the eastern side of pedestrianised Queensway in the heart of Stevenage town centre and directly opposite Primark. Other neighbouring occupiers include Boots the Chemist and Superdrug adjacent as well as McDonald's and Natwest Bank.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reversion
Ground
First
Second
Retail
Ancillary
Ancillary
108.50 sq m
45.70 sq m
45.00 sq m
1,168 sq ft
492 sq ft
484 sq ft
LUXURY LEISURE
(t/a Admiral Nobles Amusements)
25 years from
09/03/1993 on a full
repairing & insuring
lease
£48,000 08/03/2018
Total  
199.2 sq m
2,144 sq ft
    £48,000  

(1) Luxury Leisure was incorporated in 1989. For the year ending 31st December 2015, Luxury Leisure reported a turnover of £53,544,645, pre-tax profits of £6,668,056 and a total net worth of £5,304,492. (Source: www.riskdisk.com 08/11/2016). Luxury Leisure is a wholly owned subsidiary of Novomatic UK Ltd who for or the year ending 31st December 2015 reported a turnover of £566,482, pre-tax profits of £34,692,713 and a total net worth of £110,010,804. (Source: www.riskdisk.com 08/11/2016).

Property Documents

  • Catalogue Page
    Updated Date
    16.11.16
    File Size
    426 KB
    View PDF
  • Site Plan
    Updated Date
    16.11.16
    File Size
    77 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Solomon Taylor & Shaw 3 Coach House Yard, Hampstead High Street
London
NW3 1QF
Rupert Goldmeier 020 7317 8672rupert@solts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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