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
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)
