Property Details
BACK Disposal

4-24 Howardsgate & 6-8 Wigmore South


location icon Welwyn Garden City , AL8 6BQ

Summary

  • Location
    Welwyn Garden City
  • Sector
    Mixed Use
  • Size
    18,338 Sq Ft
  • Tenure
    Effective Freehold
  • Tenancy
    Multi Let
  • AWULT
    8.2 Years
  • AWULT Certain
    5.9 Years
  • Passing Rent
    £406,450 Per Annum
  • ERV
    £413,171 Per Annum
  • Total Price
    £5.6 Million
  • Residential Price
    £1.1 Million
  • Commercial NIY
    7.36%
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More Information

  • Location Highlights

    Prominent position on Howardsgate, Welwyn Garden City's dominant high street retail pitch. High footfall location, being located at the corner of Wigmore South and Howardsgate, in front of Sainsbury's supermarket.

  • Description Highlights

    Currently configured as 8 retail units, an office suite and 4 residential apartments, comprising 18,338 sq ft.

  • Rent Highlights

    Total passing rent of £406,450 per annum with reversionary potential to £413,171 per annum.

  • Asset Management Highlights

    Opportunity to regear leases with the retail occupiers, enhance tenant mix, convert upper parts space to residential apartments in due course and explore a break up route.

Maps

Property

Data Analysis

Covenant
Split

Income
Split

Contact Us

Simeon Cohen
Director

+44 (0) 20 3418 2050

George Collins
Advisor

+44 (0) 20 3418 2060

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. May 2019