LOT 32

18 Howardsgate, Welwyn Garden City, Hertfordshire, AL8 6BQ

A PROMINENT LONG LEASEHOLD INVESTMENT PROPERTY CURRENTLY PRODUCING £32,500 PER ANNUM

Result: Please refer to auctioneer Guide price: £350,000 Plus*

Auction Date

Wednesday, 17th February 2021 12:00pm

Welwyn Garden City is a popular town located 7 miles west of Hertford, 10 miles south of Stevenage and 24 miles north of London. The town lies in close proximity to the A1(M) Junction 4 which links to Junction 23 of the M25 Motorway. The property is situated on the south side of Howardsgate, east of its junction with Parkway. Welwyn Garden City station which provides regular trains to London Kings Cross (fastest journey time 27 minutes) is some 644m from the property. London Luton Airport is situated approximately 13 miles to the north-west of the town. Occupiers close by include: HSBC Bank, Superdrug, Boots Opticians, Pizza Express, Halifax Bank and Costa Coffee amongst many others

Tenure

Long Leasehold. Held on a lease for 999 years (less 20 days) from 30.06.2014 at a peppercorn ground rent

Accommodation

The property comprises a ground floor lock up shop and extends to approximately 629 Sq Ft (58.44 Sq M)

Lease Details

The property is let by way of a 10 year FRI lease to The Salvation Army from 7th February 2013

Note

The property is elected for VAT, but may be available as a TOGC, provided conditions are met.

Auction Surveyor: Andrew Brown
Contact: 0208 509 4470

Status

Please refer to auctioneer

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.