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Commercial property for sale

Three, 63 Queensway, Stevenage

Guide Price
£260,000

£156.91 per sq ft

Business rates & charges may apply

Savills, Savills Auctions- Commercial
SIZE AVAILABLE

1,657 sq ft

154 sq m

SECTOR

Commercial property for sale

Key features

  • High Yielding Retail Investment
  • Let to Three
  • Five Year Lease Expiring 21.03.2028
  • 2026 Break option Not Exercised
  • 1,657 sq ft (153.94 sq m)
  • Prime Pedestrianised Pitch
  • Investment Let at £32,600 p.a. (12.54% GIY on Guide Price)

Description

The property comprises a high yielding retail investment opportunity occupying a prime pedestrianised pitch.

Arranged as a ground floor retail unit with ancillary upper parts, the property is let to Hutchinson 3G (t/a Three) on a five year lease expiring 21.03.2028 and paying £32,600 per annum.The tenant did not serve their 2026 break option, displaying confidence in the location.

The property occupies a prime pitch fronting the pedestrianised Queensway in the heart of Stevenage. The surrounding area is characterised by a number of national retailers including Costa, Holland & Barrett, Boots and Primark.

Brochures

Three, 63 Queensway, Stevenage

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stevenage Station0.2 miles
  • Knebworth Station2.5 miles
  • Hitchin Station4.4 miles

About Savills, Savills Auctions- Commercial

33 Margaret Street, London, W1G 0JD

Notes

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Disclaimer - Property reference 927575ED-5B88-4BAD-BD91-97315B83ECD9. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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