Property for sale in Ridgeway, Welwyn Garden City

Property - £1,020,000

Ridgeway, Welwyn Garden City

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First listed on: 28th July 2018

Nearest stations: Welwyn Garden City (1 mi)Welwyn North (1.8 mi)Hatfield (Hertfordshire) (2.9 mi)Hertford North (3.8 mi)Knebworth (4.3 mi)

Interested in this property? Call See phone number 03300 886687

Property Features

  • Character Offices
  • Less than 10 years old
  • Vaulted First Floor Offices
  • On Site Car Parkig
  • Comfort Cooling

Property Description


TWO SEPARATE UNITS AVAILABLE AT £585,000 EACH OR A JOINT PURCHASE TOTAL OF £1,020,000 EXCLUSIVE
CALL FOR MORE INFORMATION 03300 88 66 87

The property comprises a character 2 storey office building deriving from the conversion of an existing barn fronting directly onto Ridgeway, and a completely new structure adjoining the existing barn. The property was completed less than 10 years ago and provides a character exterior with modern internal specification arranged over ground and first floors.

The first floor has a vaulted roof which creates attractive, light and airy accommodation.

The property is located in an established commercial area fronting directly on to Ridgeway, approximately 1 mile distance from Welwyn Garden City town centre and mainline railway station. The railway provides a direct service to London Kings Cross in approximately 25 minutes and Moorgate in the City within 40 minutes.  

Welwyn Garden City is adjacent to the A1(M) in Hertfordshire and provides quick assess to Junctions 4, 5 and 6.  To the east of the town the A414 links to the A10 and via Harlow to the M25.   

The property is currently let to Hertfordshire Care Providers Association Ltd (Company Reg No. 06362473) by way of 2 separate leases expiring 18 January 2025 subject to tenant only options to break in January 2019 and January 2022.  The leases are held on full repairing and insuring terms and are subject to a rent review in January 2020. 

The rent payable by the tenant is stepped over the first 4 years of the term, rising to £59,080 pax in year 4, averaging £59,624 pax over years 1-5, a total of £299,620 rental income over the first 5 years of the lease.

Hertfordshire Care Providers Association Ltd (HCPA) are a members association offering advice and guidance to all care providers in Hertfordshire and manages over a £1m of training funding for the county on behalf of the Government, Local Authority, NHS and other funding agencies.  They currently use the premises for training purposes, with their admin offices located in the adjacent semi-detached building, accessed via a 1st floor lobby. 
 Please call us for further information on 03300 88 66 87.

TWO SEPARATE UNITS AVAILABLE AT £585,000 EACH OR A JOINT PURCHASE TOTAL OF £1,020,000 EXCLUSIVE
CALL FOR MORE INFORMATION 03300 88 66 87

The property comprises a character 2 storey office building deriving from the conversion of an existing barn fronting directly onto Ridgeway, and a completely new structure adjoining the existing barn. The property was completed less than 10 years ago and provides a character exterior with modern internal specification arranged over ground and first floors.

The first floor has a vaulted roof which creates attractive, light and airy accommodation.

The property is located in an established commercial area fronting directly on to Ridgeway, approximately 1 mile distance from Welwyn Garden City town centre and mainline railway station. The railway provides a direct service to London Kings Cross in approximately 25 minutes and Moorgate in the City within 40 minutes.  

Welwyn Garden City is adjacent to the A1(M) in Hertfordshire and provides quick assess to Junctions 4, 5 and 6.  To the east of the town the A414 links to the A10 and via Harlow to the M25.   

The property is currently let to Hertfordshire Care Providers Association Ltd (Company Reg No. 06362473) by way of 2 separate leases expiring 18 January 2025 subject to tenant only options to break in January 2019 and January 2022.  The leases are held on full repairing and insuring terms and are subject to a rent review in January 2020. 

The rent payable by the tenant is stepped over the first 4 years of the term, rising to £59,080 pax in year 4, averaging £59,624 pax over years 1-5, a total of £299,620 rental income over the first 5 years of the lease.

Hertfordshire Care Providers Association Ltd (HCPA) are a members association offering advice and guidance to all care providers in Hertfordshire and manages over a £1m of training funding for the county on behalf of the Government, Local Authority, NHS and other funding agencies.  They currently use the premises for training purposes, with their admin offices located in the adjacent semi-detached building, accessed via a 1st floor lobby. 
 Please call us for further information on 03300 88 66 87.
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Date History Details
29/07/2018 Property listed at £1,020,000

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Disclaimer

Disclaimer Property reference F5AE86260ACEA2_8995518. Details are provided and maintained by Elopa Estate Agents. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

Signature House, 3 Azure Court

Doxford Park

Sunderland

SR3 3BE

Telephone: See phone number 03300 886687

Arrange Viewing Arrange Viewing with Agent

Disclaimer

Disclaimer Property reference F5AE86260ACEA2_8995518. Details are provided and maintained by Elopa Estate Agents. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

Signature House, 3 Azure Court

Doxford Park

Sunderland

SR3 3BE

Telephone: See phone number 03300 886687

Arrange Viewing Arrange Viewing with Agent

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