Freehold Retail Investment
Freehold Retail Investment
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.
Freehold.
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.
Freehold.
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| 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).
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