0 Bed Shop To Rent

LOCATION

Stevenage (population 94,456, 2021 Census) is a growing

new town with strong transport links and expanding residential

and commercial areas. Forsters Park, located off North Road

behind Lister Hospital on the town's northern edge, is a major

residential-led development with approx. 1,750 new homes,

including 850 by Bellway, Miller, and Clarion (250 already

occupied), and a further 900 approved to the north.

Retail options in the area are limited (aside from Sainsbury's),

so the new Local Centre at Forsters Park will serve both the new

homes and the existing underserved neighbourhoods to the

south and east, as well as significant passing traffic, particularly

from the nearby Lister Hospital staff car park (6,500 daily

vehicle capacity). The Local Centre, featuring 3 retail units, is

prominently located along a pedestrianised public realm near

the housing front, overlooking a balancing pond and footpaths.

Land next to the Centre is reserved for a primary school,

currently owned by Hertfordshire County Council.



DESCRIPTION

A prominent ground-floor retail unit with high ceilings and

ample natural light, ideally located opposite Tesco Express,

with strong visibility from North Road. Situated in Block 4 (with

residential above) along the link road to the scheme's main

internal network.

Key Features

*Approx. 1,454 sq ft (NIA), L-shaped with triple aspect

frontage and extensive glazing

*Front door loading only; main servicing bay near Block 1

with level footway access

*22 shared parking spaces (19 to rear of Block 1, 3 disabled

spaces adjacent)

*Provided in shell condition with shopfront and entrance door

fitted

*Air conditioning and extraction units expected on the eastern

elevation

RATEABLE VALUE

The unit falls within the Stevenage Borough Council area. The

rateable value is yet to be determined. The UBR multiplier for

the year 2024/25 is 54.6p in the £.

EPC

This is due for imminent assessment and all interested parties will

be notified upon receipt.

SERVICES

All the main services are available to the unit with capped

connection points.

We understand the electric supply to the unit is 60kva.

PERMITTED USES

The unit has the benefit of a range of permitted uses within the

current E class of the UCOs, including A1, A3, B1(c) and D1

(under the former use classes order).

Due to the absence of chimneys and flues and the need to

preserve the residential amenity for the housing above, the

landlord will not allow any takeaways or facilities cooking wet

food onsite.

PROPOSED LEASE TERMS

Our client is seeking institutionally acceptable FRI lease terms

with a minimum term certain of 10 years, 5 yearly rent reviews

(based on compounded RPI annual 1%-4% collar and cap

uplifts). The unit is not available to purchase.

Rental proposals are invited.