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

  • 38/40 Fretherne Road<br>Welwyn Garden City<br>Hertfordshire<br>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

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.

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

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.

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

(1) The lease provides a tenant’s option to determine on the tenth anniversary of the term.

Useful Links

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

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