Town Centre Retail Unit
Summary
- Affluent Market Town
- Character Property
- Town Centre Location
- Class E
Location
Hitchin is a thriving market town in the home county of Hertfordshire. The subject property is situated on Bancroft, which forms one of the main retail areas in Hitchin town centre, benefitting from good footfall and high levels of passing traffic. The surrounding area consists predominantly of commercial premises, with a mixture of local, regional and national businesses within proximity. Sainsbury’s carpark is immediately behind the property.
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Further Information
Rent £26,500 per annum
Description
The subject property is arranged over ground and first floor and was formerly formed of two shops, having now been interconnected to provide a larger retail space. The property benefits from the following:
- Pavement-lined entrance.
- Twin bay windows with internal security shutters for No.98.
- Twin single entrances.
- Storeroom.
- Kitchenette.
- WC.
- Two first floor rooms for use as offices, storage or ancillary retail.
- Small rear courtyard.
Terms
The property is available upon a new lease for £26,500 per annum exclusive.
Rateable Vale
The Rateable Value for the subject premises are as follows (please note this is not rates payable):
- No.97 = £12,250
- No. 98 = £13,000.
VAT
We are advised by our client that the property is not elected for VAT.
Legal Costs
Each party is to bear its own costs incurred.
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