The branch comprises a three storey mid-terraced property. The lease held by the bank covers the ground floor banking hall and basement storage area and strong room only. Tenure The property is held on an existing FRI lease due to expire 13/08/2027at a passing rent of £24,000 per annum exclusive with a break option scheduled 13/08/22. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Rent Offers accepted on the basis of assignment or sub-lease at the passing rent of £24,000 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £ and the rates payable are £ pa. The UBR for 2019/2020 is p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
Old Welwyn, as it is sometimes referred to in order to distinguish it from Welwyn Garden City, is a small historic village (traceable back to Roman times) situated in Hertfordshire off the A1. The residential population is 3,250. The branch is located opposite the Church and has a prominent position within the village’s context. The village is not as large as the Welwyn Garden City conurbation.
Sizes and Measurements
DetailsRetail Ground Floor
Lease Information & Charges
- Former Bank premises
- Consent for various uses
- Flexible lease terms available