Summary - 10, PARKWAY AL8 6HG
1 bed 1 bath Office
Large mixed‑use town‑centre freehold with 15 parking spaces and part income ready for immediate occupation..
Prominent town‑centre freehold opposite John Lewis
15 on‑site parking spaces; strong vehicle access
3,725 sq ft over three floors; large open‑plan layouts
Part income‑producing: £50,500 pa from long‑standing tenant
Ground floor vacant and available for immediate occupation
Lease excludes Security of Tenure; tenant in place since 2013
High local crime level — factor for occupiers and insurers
Conversion possible but subject to planning consents
Located on The Parkway opposite John Lewis, this substantial three‑storey red‑brick office building offers a rare town‑centre freehold with both immediate occupation potential and steady income. The ground floor is vacant and ready for occupation while the first and second floors are let to a long‑standing tenant producing a reversionary rent of £50,500 pa. The site includes 15 on‑site car parking spaces and excellent public transport links (short walk to Welwyn Garden City station, circa 23 minutes to King’s Cross).
The building’s large open‑plan floors, exposed services and high ceilings suit modern office use or refurbishment for a bespoke occupier. Its prominent frontage and self‑contained site in an affluent, well‑connected town centre make it attractive for investors seeking part‑income, owner‑occupiers wanting immediate space, or developers considering conversion subject to planning consent.
Buyers should note material considerations factually: the property sits in a very high crime area, part of the building is income‑producing while the remainder is vacant, and any conversion would require consents. Lease details for the existing tenancy (tenant since 2013; lease excludes statutory security of tenure) are available on request. The sale is offered freehold at £2,000,000.
Overall this asset offers clear flexibility — immediate occupation potential, parking and town‑centre prominence balanced against local crime levels and the need for any tenant/consent due diligence.
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