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69-75 Queensway 2,864 sq ft Retail Unit Offered at £290,000 in Stevenage SG1 1DN
Investment Highlights
- Prime pedestrianised town centre location
- Let to Cash Converters (UK) Stores Limited until August 2033
- Within walking distance to Westgate Shopping Centre
Property Facts
| Total Property Size | 33,891 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 9,977 sq ft |
| Property Subtype | Shopfront Retail / Office | Year Built | 1962 |
| Costar Property Class | B |
| Total Property Size | 33,891 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Office |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 9,977 sq ft |
| Year Built | 1962 |
1 Unit Available
Unit 67
| Unit Size | 2,864 sq ft | Tenure | Freehold |
| Price | £290,000 | Net Initial Yield | 12.93% |
| Price Per sq ft | £101.26 | NOI | £37,500 |
| Unit Use | Retail | Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Unit Size | 2,864 sq ft |
| Price | £290,000 |
| Price Per sq ft | £101.26 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 12.93% |
| NOI | £37,500 |
| Sale Conditions | Auction Sale |
Description
The property is prominently situated on pedestrianised Queensway, Stevenage’s
prime retail pitch, opposite to Town Square. The property also benefits from
being within close proximity to Stevenage Indoor Market and Westgate Shopping
Centre which includes occupiers such as H&M and Ernest Jones. Other nearby
occupiers include Primark, Boots, Superdrug and Holland & Barrett.
Sale Notes
The property comprises a retail unit arranged on the ground floor with ancillary on the first and second floors.
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Nearby Major Retailers
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69-75 Queensway
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