46 Fretherne Road & 6 Church Road Welwyn Garden City Hertfordshire AL8 6NU

46 Fretherne Road & 6 Church Road
Welwyn Garden City
Hertfordshire
AL8 6NU

Freehold Retail/Restaurant Investment

  • Entirely let to PLV Enterprises Limited t/a KFC until 2025
  • Prominent corner position in town centre location
  • Approximately 100 metres from The Howard Shopping Centre
  • Nearby occupiers include Argos, Domino’s Pizza, Iceland, Costa Coffee and Co-op Travel
  • Six Week Completion Available
  • Lot
    14
  • Auction
    6th December 2012
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £700,000
  • Sector
    Restaurant
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail/Restaurant Investment

  • Entirely let to PLV Enterprises Limited t/a KFC until 2025
  • Prominent corner position in town centre location
  • Approximately 100 metres from The Howard Shopping Centre
  • Nearby occupiers include Argos, Domino’s Pizza, Iceland, Costa Coffee and Co-op Travel
  • Six Week Completion Available
  • Lot 14
  • Auction 6th December 2012
  • Rent
  • Status Sold
  • Price £700,000
  • Sector
    Restaurant
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
7 miles west of Hertford, 10 miles south of Stevenage, 24 miles north of Central London
Roads
A1000, A1(M) (Junctions 4, 5 & 6), A1000, M25 (Junction 23)
Rail
Welwyn Garden City (28 mins to London King’s Cross)
Air
London Luton Airport
Situation

The property is situated in a prominent corner location on the western side of Fretherne Road, at its junction with Church Road within Welwyn Garden City centre. The property is situated approximately 100 metres from Howard Shopping Centre which houses retailers such as Next, Boots, W H Smith, Marks & Spencer and Top Shop. Other nearby occupiers include Argos, Domino’s Pizza, Iceland, Costa Coffee and Co-op Travel.

Tenure

Freehold.

Location
Miles
7 miles west of Hertford, 10 miles south of Stevenage, 24 miles north of Central London
Roads
A1000, A1(M) (Junctions 4, 5 & 6), A1000, M25 (Junction 23)
Rail
Welwyn Garden City (28 mins to London King’s Cross)
Air
London Luton Airport
Situation

The property is situated in a prominent corner location on the western side of Fretherne Road, at its junction with Church Road within Welwyn Garden City centre. The property is situated approximately 100 metres from Howard Shopping Centre which houses retailers such as Next, Boots, W H Smith, Marks & Spencer and Top Shop. Other nearby occupiers include Argos, Domino’s Pizza, Iceland, Costa Coffee and Co-op Travel.

Tenure

Freehold.

Description

The property comprises a ground floor retail/restaurant unit with first floor storage accommodation.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail/restaurant unit with first floor storage accommodation.

VAT

VAT is applicable to this lot.

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 Reviews
Ground
First
Retail/Restaurant
Storage
148.46 sq m
134.89 sq m
(1,598 sq ft)
(1,452 sq ft)
P L V ENTERPRISES
LIMITED (1) t/a KFC (2)
20 years from 17/05/2005 until
16/05/2025 on a full repairing and insuring lease
£50,000
17/05/2010 and
five yearly thereafter
Totals  
283.35 sq m
(3,050 sq ft)
    £50,000

(1) For the year ending 30th September 2011, PLV Enterprises Limited reported a turnover of £6,801,705, pre-tax profits of £458,763 and a total net worth of £1,327,778. (Source: www.riskdisk.com 07/11/2012)
(2)KFC are the biggest chain of quick service restaurants in the world with over 800 restaurants across the UK and Ireland. (www.kfc.co.uk)

Property Documents

  • Site Plan
    Updated Date
    14.11.12
    File Size
    68 KB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.12
    File Size
    174 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

Useful Links

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

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