Commercial Property in Stevenage available for sale
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Petrol Station for Sale near the Stevenage, UK

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Retail Properties for Sale Near the Stevenage, UK

More details for London Rd, Stevenage - Retail for Sale

Oaklands Retail Park - London Rd

Stevenage, SG1 1XW

  • Retail for Sale
  • £8,000,000
  • 38,406 sq ft

Stevenage Retail for Sale

The development was completed in 2017 comprising 3 modern retail units comprising in total 38,183 sq ft and 103 free shared car parking spaces. The building is constructed with a steel portal frame. The dimension from floor to underside of structural haunch is 6m. The height to the underside of roof purlins is higher than this, approximately 7m making it possible for the installation of a mezzanine floor, subject to planning. Offers sought more than £9,000,000 (Nine Million Pounds) for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £201 per sq ft (GIA) and a net initial yield of 6.25 % after allowing for purchaser’s costs at 6.8%.

Contact:

Perkins Fox LLP

Property Subtype:

Standalone

Date on Market:

07/07/2022
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