Overview
- Office
- 17842 - 17842
Description
Location
Income producing office building with potential to
improve income or consider redevelopment and
conversion for c36 residential flats.
Freehold Office building in prime Stevenage location
adjacent to Gunnels Wood Road and a short walk
from the railway station and the leisure park.
Self contained 3 storey office building comprising
17,842 sq ft NIA.
Recent significant capital expenditure to reclad the
building and replace all the windows.
Potential to divide second floor to provide small
office suites or consider alternative uses.
Building excluded from Article 4 area within
Stevenage.
Scope to extend to the side or in the undercroft.
Residential conversion/new build opportunity.
Current rental income of £170,110pa.
Potential ERV when SF let of c£265,000pa.
Summary
Key points
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