• Address
    49/55 Queensway, Stevenage, SG11DN
  • Price
    £2,900,000
  • Yield
    9%
  • Sector
    Retail
  • Size
    27,750 Sq Ft
  • Lease Term
    High Street Retail Unit let to Wilko’s for another 11 years with fixed uplifts at review
  • Client
    UK Property Company
  • Type
    Acquisition

Stevenage

Stevenage is a significant residential and commercial Hertfordshire town known for being one of the first “new” towns in Britain with a substantial population of approximately 84,000 and a population in North Hertfordshire of approximately 127,000.

The town is situated approximately 32 miles North of Central London, 30 miles South of Cambridge and 12 miles East from Luton. The A1(M) directly serves Stevenage and provides good access to both the M1 (Junction 7 & 8) and the M25 and, therefore, the national motorway network.

Stevenage Railway Station is approximately 800m from the subject property and provides direct access to London Kings Cross with a journey time of approximately 20 minutes. The town’s good strategic location for Luton airport (approximately10 miles) and Stansted airport (approximately 20 miles) has attracted many major employers.

The property is prominently situated in the town square on the east side of Queensway which forms the main pedestrianised shopping street and is surrounded by various well known high street retailers.

Contacts

Steve Orzel

+44 (0)20 7112 8571

Anthony Friedman

+44 (0)20 7112 8572