Retail & Residential Investment Opportunity
Summary
- Busy and popular village location
- Prominent main road position
- Mixed retail and residential
- Fully let
- Off street parking and garage
- Combined income £36,200 per annum exclusive
Accommodation
The accommodation comprises a ground floor retail unit and a separate 2 storey, two bed flat with the following areas:
| Name | sq ft | sq m |
| Ground - Retail | 421 | 39.11 |
| 1st - Flat | 475 | 44.13 |
| 2nd - Flat | 300 | 27.87 |
| Total | 1,196 | 111.11 |
Location
The property is prominently located fronting the popular and busy village of Welwyn. The village has a healthy number of retailers, restaurants, pubs and bakers as well as a Tesco Metro. This mix of occupiers means that Welwyn benefits from strong day and nightime economies.
The village is located just west of the A1(M) at Junction 6, less than 15 minutes drive from the M25.
There are 6 bus routes servicing the High Street.
Welwyn North station is within 1 mile of the property.
Get directions from Google Maps
Mainline Stations
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Welwyn North21 mins
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Welwyn Garden City39 mins
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Knebworth55 mins
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Watton-At-Stone87 mins
Underground Station
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Broxbourne202 mins
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Crews Hill214 mins
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Hadley Wood218 mins
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Cheshunt232 mins
Further Information
Price £595,000
Rates Payable Upon Enquiry
EPC Rating This property has been graded as B (50)
Description
The property was constructed approximately 8 years ago by the current owners and comprises a ground floor lock up shop unit and a two storey, two bed flat accessed by a separate private entrance.
The property further benefits from a parking space to the rear and a garage and storeroom located opposite the main property at the rear. This is accessed via the High Street.
The flat is presented in very good decorative condition with good sized double bedrooms located at 1st floor level. The 2nd floor comprises a large open plan kitchen living area with excellent natural light. The flat is let on an Assured Shorthold Tenancy expiring in July 2027 at a rent of £1,600 per calendar month from July 2026.
The ground floor retail unit is let to D&V Family Limited (Co No 11392656) and trades as a nail bar. The unit is let for a term of 10 years from 23rd September 2020, expiring 22nd September 2030. The 2025 rent review has been settled at £17,000 per annum exclusive.
Total annual rental income £36,200 per annum exclusive.
Viewings
Viewings are strictly by appointment only with the sole agents Monday to Friday, 9 am to 5 pm and at the convenience of the tenants. Please call 01707 259599.
Terms
The property is available for sale freehold subject to the existing tenancies. Further details are available on request.
Gallery
