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5 Gernon Walk 1,826 sq ft Vacant Office Property Letchworth Garden City SG6 3HW £385,000 (£210.84/sq ft)
Investment Highlights
- Additional land with potential for extension or redevelopment.
- Walking distance to shopping, banking, and local amenities.
- Refurbished building with LED lighting and gas-fired heating.
Executive Summary
The property is held on a 150-year lease expiring in 2166, with approximately 140 years remaining. The ground rent is a peppercorn, with no rent reviews. Use is restricted to offices under the lease, with no additional title restrictions noted.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Office
Tenure
Long Leasehold
Property Size
1,826 sq ft
Costar Property Class
B
Year Built/Renovated
1904/1980
Price
£385,000
Price per sq ft
£210.84
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
1,826 sq ft
Plot ratio
0.04
Total Plot Size
1.00 ac
Parking
2 Spaces (1.33 Spaces per 1,000 sq ft Leased)
1 1
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5 Gernon Walk
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