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17-Town-Square

Location

One of the key areas set for regeneration is the heart of Stevenage, the Town Square. This area is at the heart of public life in Stevenage and provides an important place and space for residents and visitors to relax, shop and eat.

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.

Town Square is located in a prominent position within the Stevenage New Town close to the central bus station and within walking distance of the railway station.

Description

The self-contained lock-up shop provides retail sales area at the front with kitchen, W/C and office/storage areas at the rear. There is a small storage area on the first floor with restricted headroom.

Accommodation

The total net usable area is 1,151 sq. ft / 106.98 sq. m, which includes a retail area of 896 sq. ft / 83.28 sq. m and office / storage area of 255 sq. ft / 23.70 sq. m.

Lease

A full repairing and insuring lease (terms to be agreed) is on offer. The lease will be outside The Landlord and Tenant Act 1954 Part II (as amended).

The lease will be subject to a rolling landlord break option effective from 1 December 2023 with the landlord serving no less than one month notice to vacate for redevelopment purposes.

Rent

£24,500 per annum exclusive.

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

Rates

  • Rateable Value: £28,750
  • UBR (2021/2022): 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.