High Street, Stevenage, Hertfordshire, SG1

FOR SALE – FREEHOLD RETAIL INVESTMENT
Prime High Street Opportunity – Stevenage Old Town
Salient Points
• Secure income: Fully let at £28,000 per annum (exclusive)
• Strong covenant: Let to an established and reputable tenant (Infinity Bike Stop)
• Generous size: Approx. 1,576 sq. ft (146.41 sq. m) over three levels
• Excellent location: Prominent High Street position in Stevenage’s vibrant Old Town
• Freehold investment: Available at £400,000
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Location
Stevenage Old Town is a sought-after commercial and residential hub, lying just 1.5 miles north of the New Town centre. It enjoys excellent connectivity via Junctions 7 and 8 of the A1(M), with Central London approximately 30 miles to the south.
The property itself occupies a highly visible pitch in the middle of the bustling High Street – surrounded by independent shops, cafés and national occupiers.
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Property Overview
An attractive retail premises arranged over ground and first floors with a small office, plus useful basement storage. The property offers flexible accommodation and strong tenant appeal thanks to its central location and characterful setting.
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Accommodation (Net Internal Area)
Area Sq. Ft Sq. M
Ground Floor Retail 701 65.13
First Floor Retail/Office 743 69.02
Basement Storage 132 12.26
Total 1,576 146.41
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Tenancy
Fully let to Infinity Bike Stop, an established and reputable local business, on a 5-year lease from 1 March 2023 at £28,000 per annum (exclusive).
The lease is inside the 1954 Act with a tenant break option at year 3.
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Rates
According to the Valuation Office Agency website ( there is a combined rateable value for 104 & 106a High Street* of £28,000.
The UBR for 2025/26 is 55.5p in the £. Rates payable may be subject to transitional arrangements and/or small business relief, which should be verified with the Charging Authority. Assessments may be subject to appeal.
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Energy Performance Certificate (EPC)
Asset Rating C-64, expiring 5 December 2033. Reference number: 2416-8683-3084-2221-4468.
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Investment Summary
• Freehold interest subject to a secure tenancy
• Strong covenant providing reliable income
• Established retail pitch with consistent footfall
• Attractive income stream with future asset management potential
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Tenure & Price
Freehold for sale at £400,000, subject to the existing lease.
Title Number: HD181731.
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Important Information
The services, fixtures, fittings, appliances and other items of equipment referred to have not been tested by this firm and therefore no warranty can be given in respect of their condition. Prospective tenants/purchasers should satisfy themselves as to their condition.
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VAT
VAT is not payable on the purchase price.
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*106a High Street Stevenage is additional space the tenants have taken on a separate lease and will not form part of this freehold transaction
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending
criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including
VAT, subject to a minimum of £6,600 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable
consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so
you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services
are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.