Hitchin is an attractive and affluent market town in the home county of Hertfordshire, benefiting from good public parking provisions, road links to the A1(M) and a mainline train station with frequent and high speed services to both Cambridge and London King’s Cross.
The subject property occupies a prominent position within Hitchin’s primary retail core. In addition to the many independent businesses within proximity, here are just a few of the town centre’s notable names:
M&S, Waitrose, Gails Bakery, Starbucks, Café Nero, WHSmith, Superdrug, Boots, Pure Gym, Crew Clothing, Olivia Bonas, The White Company, Fat Face, Next, Hotel Chocolate, etc.
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The property comprises a large retail space which is in the process of being sub-divided into two smaller units (11a Bancroft and 11b Bancroft). 11a Bancroft totals 2,659 sqft (247 m2). Once construction works are complete, the property will benefit from:
- New shop front
- Open plan layout
- Split level floor (ramped)
- Staff/break-out space to the rear
- Disabled WC
- Rear loading
The property is available by way of a new full repairing and insuring (FRI) lease for: £70,000 per annum exclusive.
The rateable value will need to be reassessed following completion of sub-division works.
Plus VAT at the appropriate rate.
Each party is to bear its own costs incurred.
The current EPC is rated 27 in band ‘B’. It is anticipated that the EPC will not materially change once sub-division works are complete.