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15 The Glebe Stevenage

Location

Stevenage is a major commercial and retailing centre approximately 30 miles north of London and is readily accessed via junction 7 and 8 of the A1 Motorway.

The town centre benefits from excellent transport connections being situated on the East Coast mainline with direct services to London King’s Cross in 20 minutes and a short distance of both Luton and Stanstead airports.

The property is located in The Glebe Neighbourhood Centre within the Chells area of Stevenage.

Description

The property is a self-contained retail unit with reception area, office/store room, kitchen and WC facility and has access at the rear for loading.

The neighbourhood centre offers free public customer parking.

Accommodation

Retail Area 282 sq ft 26.24 sq m
Reception 64 sq ft 5.95 sq m
Office / Store room 64 sq ft 5.98 sq m
Kitchen 59 sq ft 5.45 sq m
Store rooms 38 sq ft 3.53 sq m
Total 507 sq ft 47.1 sq m

Lease

There is an offer a new full repairing and insuring lease for a term to be agreed. The lease will be outside The Landlord and Tenant Act 1954 part II (as amended).

The lease will be subject to a landlord break option effective from January 2028 onwards, upon the landlord serving not less than 6 months’ notice to vacate for redevelopment purposes.

Rent

£15,000 per annum exclusive.

Incentives may be considered depending on covenant strength and other agreed terms.

Rates

  • Rateable Value: £6,800
  • UBR (2022/2023): 51.2p
  • Rates payable may be subject to transitional arrangements and/or small business relief but should be verified with the Business Rates section. Assessments may also be subject to appeal.

Prospective tenants are advised to make their own enquiries to verify the rates liability. Information can be found on the Valuation Office Agency website.

More information

You can download the full information leaflet including contact details using the link below.