38/40 Fretherne Road Welwyn Garden City Hertfordshire AL8 6NU

38/40 Fretherne Road
Welwyn Garden City
Hertfordshire
AL8 6NU

Freehold Retail Investment

Let to Individuals t/a Academy Hair until 2023 (subject to option)
Prominent 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
51
Auction
6th December 2012
Rent
£42,500 per Annum Exclusive
Status
Sold
Price
£405,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to Individuals t/a Academy Hair until 2023 (subject to option)
Prominent 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 51
Auction 6th December 2012
Rent £42,500 per Annum Exclusive
Status Sold
Price £405,000
Sector
High Street Retail
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: 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 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, KFC, 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: 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

Tenure

Freehold.

Description

The property comprises two retail units which have been arranged to provide one large unit currently used as a hair salon with first floor storage accommodation.

NB. 46 Fretherne Road is being offered as Lot 14 in this catalogue.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

No.	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
38	Ground First	Retail Storage	61.87 sq m 41.84 sq m	(666 sq ft) (515 sq ft)	INDIVIDUALS T/A ACADEMY HAIR	15 years from 24/06/2008 until 23/06/2023 on a full repairing and insuring lease (1)	£21,500	24/06/2013 and 24/06/2018
40	Ground First	Retail Storage	61.87 sq m 40.51 sq m	(666 sq ft) (436 sq ft)	INDIVIDUALS T/A ACADEMY HAIR	15 years from 24/06/2008 until 23/06/2023 on a full repairing and insuring lease (1)	£21,000	24/06/2013 and 24/06/2018
	Totals		205.68 sq m	(2,283 sq ft)			£42,500